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Turkish government to cut natural gas prices to improve competitiveness of steel mills

2 Feb 2023 16:43 reported by Hayley

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The Turkish government increased its energy prices in September last year, which caused a sharp drop in Turkey’s steel production.

In order to improve the competitiveness of the domestic steel mills, the Turkish government decided to reduce its natural gas prices by 13.3-17.2% compared to last October, effective from February 1, and may decrease it further in March.

With this new adjustment, Turkish steel manufacturers can be more competitive in the export market and create more profits.

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