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...

Crypto market size continues to catch up with gold

Crypto stealing some of gold's thunder

Gold stocks drop on metal price decline

US a major market for Canadian mineral exports

Gold stocks down along with broad equities decline