TURKEY FERROUS SCRAP: Stronger lira pushes auto bundle prices down; ship scrap stable

March 10, 2020 / www.metalbulletin.com / Article Link

Auto bundle scrap prices in the Turkish domestic market dropped over the past week on the strength on the local currency against the US dollar, while ship scrap prices were stable, sources said on Monday March 9.

The Turkish lira has regained some ground against the US dollar, following the news that Turkey and Russia had agreed a ceasefire in Idlib, Syria, which took effect on Thursday March 5, according to the Anadolu Ajansi, Turkey's national press agency. The lira was trading at 6.09 lira to $1 on March 9, compared...

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