Turkish steelmakers have continued to hold back from the deep-sea scrap import markets after the unexpected sacking last weekend of the governor of the country's central bank, which caused a sharp decrease in the exchange-rate value of the lira, market sources said on Tuesday March 23.
The Turkish lira crashed at the beginning of the week following the sudden decision by President Recep Tayyip Erdogan to sack central bank chief Naci Agbal and appoint a finance specialist, and former deputy leader of Erdogan's own AKP political party, Sahap Kavcioglu, as governor.The Turkish lira was trading at 7.844-7.875 lira to $1...