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21 May

Activity pauses in Turkish scrap market

Activity is seen to have paused in the Turkish scrap market, although there are still some mills inquiring about scrap. No fresh deal has been confirmed so far this week, while mills are pushing for lower values. Some suppliers are however resisting selling even at last week’s levels and are seeking higher prices. The latest deals were concluded at $380/tonne cfr Turkey from the US, $375/t cfr from the EU, $373.5-377/t cfr from the UK and $379.5/t cfr from …
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