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09 Feb

Excess supply pressures Turkish scrap prices

Imported scrap prices in Turkey remain under pressure as there are numerous offers from all regions in the market, notes Kallanish. Following the latest bookings for HMS 1&2 80:20 at $418/tonne from the EU, $419.5/t from the US and $419/t cfr Turkey from Denmark, Turkish mills have further decreased their price targets. Although European suppliers insisted on prices at above $420/t cfr at the end of last week, they were struggling to sell even at $417-418/t c…
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