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28 Nov

Turkish HRC market drags along floor

The Turkish hot rolled coil market continued to lull in the existing range, as expected, regardless of the increase in ferrous scrap prices. A cost-push price increase is unviable right now due to multiple import alternatives at continuously lower-than-domestic prices, and ample arrivals relative to demand, market participants tell Kallanish. China's budding market recovery appears to have stalled, reflected by returning Chinese offers in Turkey last week…
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