A slight improvement in local steel plate prices of about USD 5 per tonnes was marked last week in Turkey. Additionally, the TRY too closed the week at 2.20 against the US.
Dollar, a marginal improvement that was simply not enough to make a marked impact on the local market.
Meanwhile, open yard capacity is growing and yet with another week of limited inflow of vessels, the appetite of end breakers is not being fulfilled with the relatively low acquisitions by local recyclers.
Source: steel guru. 12 March 2014http://www.steelguru.com/international_news/GMS_weekly_report_on_Turkey_ship_breaking_industry_for_WEEK_10/334685.html