Local steel prices came
off (marginally) the past week, with the Turkish Lira remaining at the same
levels against the U.S. Dollar. The TRY opened against the U.S. Dollar at TRY
2.11 on Monday and closed at the same rate on Friday, despite some fluctuations
through the week ranging.
Recycling activity
remains depressed with only a couple of Vessels on the smaller side hitting the
shores of Aliaga. Demand for vessels persists with many local recycling yards
growing increasingly hungry for some new tonnage.
As such, prices are
expected to remain steady despite a small drop in local steel plate prices.
Source: Steel Guru. 15
April 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Turkey_ship_breaking_industry_for_WEEK_15/336867.html
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