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27 Mar

Turkish domestic, imported scrap prices stabilise

Turkish mills have kept their domestic scrap buying prices unchanged from last week, Kallanish notes. Although imported scrap values rose since last week, the appreciation of the lira versus the dollar following Turkey's Central Bank's decision to increase loan rates by 500 base points on 21 March caused domestic scrap prices to rise on a dollar basis. Turkish mills continue to book deep-sea cargoes, meanwhile. Several deep-sea bookings were heard in…
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