Turkish steelmakers quiet in deep-sea scrap import markets, struggling with weak lira

Turkish steelmakers were mostly quiet in the deep-sea scrap import markets following a sharp decline in the country's currency value, market participants told Fastmarkets on Tuesday November 16.

Mills booked three deep-sea cargoes for December shipments at the beginning of the week.
A steel mill in the Marmara region booked a UK cargo at $490 per tonne and a Baltic Sea cargo at $494.50 per tonne cfr on a HMS 1&2 (80:20) basis.
Another steel mill in the same region booked a US cargo at $500 per tonne cfr on the same basis.

But the Turkish lira lost further ground against the...

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years