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01 Nov

Turkish domestic scrap remains stable, imports up

Turkish mills kept their domestic scrap buying prices unchanged this week despite the weakening of the lira versus the US dollar and strengthening imported scrap prices, Kallanish notes.  Imported scrap prices remain firm while suppliers seek even higher levels. Following the recent US-origin booking at $367/t for 25,000 tonnes of HMS 1&2 90:10 and $385/t cfr for 8,000t of shredded, a southern mill bought Baltic-origin cargo comprising HMS 1&2 8…
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