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06 Feb

Russian HRC continues rise, earthquake halts Turkey sales

Russian hot rolled coil prices continue to trace recent price increases in major export market Turkey but the dynamic became less clear on Monday, in the wake of a major earthquake shaking southern Turkey. This has disrupted trade flows and production, Kallanish observes. Although trade is expected to halt in the short term, there could be a boost to demand medium to long term, due to increased requirements for restoration and new builds, sources say. The timefram…
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