DAILY SCRAP REPORT: Volatile Turkish lira keeps mills out of seaborne market

Steelmakers in Turkey continued to stay out of the deep-sea scrap market on Tuesday, March 26, due to the volatile Turkish lira, sources told Fastmarkets.

Having slumped to TRY100 to $17.41 on Monday - compared with TRY100 to $18.31 on March 18 - the lira regained some ground following an intervention by the Central Bank of the Republic of Turkey (TCMB).   The currency had been declining in value since the Turkish...


Cem Turken

March 26, 2019

16:40 GMT