Turkish scrap import prices inch up but lira outlook bearish

摘要

Import prices for Turkish ferrousscrap inched up on Monday, but sources saidthe outlook was bearish due to the Turkish lira’srelentless fall against the US dollar.After a few deals done last week surfacedin the market, S&P Global Platts assessedTurkish imports of premium heavy meltingscrap 1/2 (80:20) at $328/mt CFR Monday, up75 cents from Friday. Prompt trading pickedup, balancing out the slow trading pace at theend of July.