26
Feb
14:16
Lira depreciation lifts Turkish domestic scrap prices
Most Turkish steelmakers have increased their domestic scrap buying prices since last week. This is mostly a result of the fast depreciation of the lira against the dollar, from 6.072 to 6.156 per dollar on Wednesday, as well as continuing firm domestic scrap demand, Kallanish notes.
Turkish steel producers have halted deep-sea scrap purchases and prices for this scrap have thus stopped rising. Although demand for short-sea scrap continues, mills are seen to have …
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Anonymous
Very good overview of the weekly steel market.
Anonymous