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...

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