Turkish steel producers have slowed down their deep-sea scrap purchasing, after the domestic long steel market was affected by the weakening of the country's lira, sources said on Tuesday August 11.
Mills in Turkey booked a number of cargoes last week, with the most recent transactions for material from the US and Baltic Sea at $285 per tonne cfr for HMS 1&2 (80:20).The Turkish lira has lost ground against the US dollar and was trading at 7.328 lira to $1 on August 11, compared with 6.979 lira to $1 on August 4,...