TURKEY DOMESTIC STEEL SCRAP: Auto bundle prices inch down with stronger lira

January 12, 2021 / www.metalbulletin.com / Article Link

Turkish auto bundle scrap prices have gone down slightly over the past week in line with the strengthening of the country's lira against the US dollar, market sources said on Monday January 11.

Domestic prices for long steel products and, therefore, auto bundle scrap in Turkey typically decrease in line with the stronger lira because mills buy most of their raw materials in dollars and sell their finished products for Turkish lira.

The Turkish currency was trading at 7.366 lira...

Recent News

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok