Another week of limited
recycling activity went by with hardly any new vessel offerings or local
arrivals being reported.
Local steel plate prices
too remained relatively stable with the Turkish Lira slightly lower week in
week out against the US Dollar. On Monday, the TRL opened at 2.18 and closed on
Friday at 2.21 against the USD.
The domestic political
situation continues to negatively affect local demand in addition to export
volumes to neighboring countries. It seems all eyes are now focused on what will
happen during the elections at the end of the month, which is expected in turn,
to have a significant impact on local sentiments.
Source:
steel guru. 4 March 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Turkey_ship_breaking_industry_for_WEEK_09/333931.html
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