Coated-steel prices in Turkey continued to increase in the week ending Friday February 15, despite demand being weak in both the domestic and export markets.
High offer prices were stifling export activity, sources told Fastmarkets.Steel prices have been increasing globally because of rises in raw materials costs, which have been pushed up due to supply concerns after Vale's tailings dam accident in Brazil.The incident will result in a 40-million-tonne-per-year production gap for iron ore, Vale said.Fastmarkets' daily MB 62% Fee...