The situation in Aliaga remains unchanged from what has
been reported the over the last month. Local steel plate prices have fallen
steadily, declining further over the course of last week a fact that is being
attributed to the global depreciation of this commodity trade due to the cheap
availability of Chinese billets.
As such, even though demand remains strong and the Turkish
Lira appears to be relatively steady, even showing small signs of improvement,
the abysmal supply of tonnage persists with reports of only a handful of small
LDT previously concluded units hitting the shores of Aliaga.
Consequently, the negative sentiment in the market has
prevailed, causing prices to fall further by USD 5 per MT with even more falls
feared in the coming weeks.
Source: steel guru. 19 November 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Turkey_ship_breaking_industry_for_WEEK_46/353023.html
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