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08 Feb

Turkish earthquake impact dents European scrap pricing

European scrap price trends are changing radically due to Monday’s earthquake in Turkey, sources in the market tell Kallanish. The first February contracts in Europe had been indicating increases of €20-30/tonne ($21-32) depending on the country. However, following the earthquake, most mills in Germany, France, Italy, Spain and Eastern Europe intend to decrease their prices or consolidate the values paid in January. A significant number of already…
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