18
Jul
15:25
Turkish scrap market remains depressed amid mounting issues
Demand in Turkey’s scrap market remains close to zero as steel trading becomes more challenging in Turkey’s domestic market following the hikes in VAT and excise duty on petrol, which have exacerbated ongoing issues. On the other hand, the lira depreciated sharply overnight into Tuesday to 26.98/$1.
No scrap sales are heard so far this week. Turkish mills, struggling to sell steel in both domestic and export markets, have no appetite to buy scrap. The …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous