01
Dec
14:55
Weaker lira raises Turkish domestic scrap, imports collapse
Turkish mills are continuing to increase their domestic scrap buying prices in order to offset the lira's depreciation. Imported scrap prices, meanwhile, have collapsed on fresh bookings, Kallanish notes.
The lira rebounded from almost 14 per dollar on Tuesday to 12.68 following the intervention of Turkey's Central Bank on Wednesday morning, but could not hold on and fell back again later in the day. The Turkish steel market is highly impacted by the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous