Turkish import scrap prices stable amid currency uncertainty

摘要

London—Turkish deepsea import ferrous scrap market activity remained low March 23 as market participants stepped back following sharp volatility in the Turkish Lira, sources said. S&P Global Platts assessed Turkish imports of premium heavy melting scrap 1/2 (80:20) at $417.50/mt CFR March 23, unchanged day on day. “You know the rule, first demand and then purchase -- so Turkish mills need to see what they can sell, in order to assess what they can buy as raw material,” a mill source said. “Still there is not enough evidence for people to feel good regarding the economy -- the purchase power of the Turkish market weakened by about 15%.”