12 March 2015

GMS weekly report on Turkish ship breaking industry for WEEK 9th 2015

Stability seems to persist in the Turkish market as local steel plate prices stabilize and the demand from the end buyers continues to emanate primarily due to lack of supply of tonnage, which is likely due to the low levels witnessed so far this year.

Notwithstanding, it would be worth monitoring the price trend this week given the recent depreciation of the Turkish Lira and the expected on affect the local sentiment such corrections deliver.

Source: steel guru. 10 March 2015

No comments: