In the past week Turkish steel exports are facing difficulties, because of the approaching holidays.
In Europe, Christmas holidays will start on December 20th and continue to the 3rd week of January. That is to say the European market will have no big deal during this period. Some companies are eager to complete the order this week, so they continue purchasing, while other companies delay their purchases.
The global gloom steel market is expected to be resolved, once end users will have resumed their confidence to purchase again. Currently the approaching holidays are posing big problems.