15
Dec
14:36
Turkish domestic scrap enters downtrend despite depreciating lira
Some Turkish mills have decreased their domestic scrap buying prices since last week due to the downward trend in imports. However, most have kept values unchanged on a lira basis amid its continuing depreciation, Kallanish notes.
The lira fell further on Wednesday, ahead of the Central Bank's interest rate decision on Thursday, reaching its historical low of 14.70 per dollar. This is because the Turkish market expects the Central Bank to cut interest rates by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous