Turkish domestic scrap prices increase on weak lira

Turkish domestic auto bundle scrap and ship scrap prices have continued to increase following further losses in the Turkish lira, market participants told Fastmarkets on Monday November 29.

The Turkish currency was trading at 12.2822 lira to $1 on November 29, compared with 10.050 lira to $1 on November 15, according to exchange rate website Oanda.com.
The weaker lira resulted in higher rebar prices in the country last week.

On the other hand, scrap import prices for Turkey were mostly...

Published

Serife Durmus

November 29, 2021

16:16 GMT

Bursa