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06 Mar

Russian HRC continues rise on Turkish demand fever

Russian hot rolled coil prices have gained over $100/tonne in a month since the 6 February earthquakes devastated southern Turkey and wound up demand and prices, Kallanish observes. After a relatively short halt, trade picked up again quickly, pushing Turkish domestic mills' order books into June. With half of Turkish mills already sold out until July, Russian material – potentially having the shortest lead times – remained the most popul…
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