TURKEY DOMESTIC STEEL SCRAP: Lira's plunge shakes market after central bank chief is sacked

March 23, 2021 / www.metalbulletin.com / Article Link

Turkish domestic scrap prices have continued to soften over the past week due to falling values for imported scrap, while several mills have stopped buying material due to the plunge in the value of the country's lira, market sources said on Monday March 22.

The country's deep-sea scrap import prices have made a downward correction in recent weeks, with mills staying away from scrap purchases due to limited steel demand.
Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $438.17 per tonne on March 19, compared with $455.60 per tonne on March 11.

Separately, the lira crashed at the beginning of this week, which has brought almost...

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