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17 Jan

Turkish domestic scrap rises, imports collapse

Almost all Turkish mills started increasing their domestic scrap buying prices last week. This was to compensate for the weakening of the lira against the dollar and the rises seen in imported scrap values in the first two weeks of the year. Demand for imported scrap slowed following Turkish mills' bookings of numerous deep-sea cargoes last week. Before going forward with March-shipment purchases, mills are seen focusing on steel sales after almost fulfilling …
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