TURKEY FERROUS SCRAP: Weak lira continues to drive local prices

The depreciation of the Turkish lira has continued to drive the prices for domestic ship scrap and auto bundle scrap in opposite directions over the past week, sources said on Monday May 13.

All four steel producers in the Izmir region have reduced their buy prices for domestic shipbreaking scrap by $10 per tonne over the past seven days. Three steel mills cut their buy prices for the material to $295 per tonne, while a fourth decreased its price...


Cem Turken

May 13, 2019

14:48 GMT