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04 Oct

Cost-driven Turkish HRC hikes fail to convince buyers

Turkey’s hot rolled coil producers continue to attempt price increases, but the market remains depressingly quiet, market participants tell Kallanish. Some Turkish mills are keeping their offers in the $680-690/tonne ex-works range that has prevailed for the past three weeks. However, others are attempting higher offers, up to $720/t ex-works, although the scope of the increases depends on tonnage and quality, sources say. The majority of offers are now…
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