Steelmakers in Turkey continued to stay out of the deep-sea scrap market on Tuesday, March 26, due to the volatile Turkish lira, sources told Fastmarkets.
Having slumped to TRY100 to $17.41 on Monday - compared with TRY100 to $18.31 on March 18 - the lira regained some ground following an intervention by the Central Bank of the Republic of Turkey (TCMB). The currency had been declining in value since the Turkish...