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31 Oct

Turkish HRC prices remain under cost, import pressure

Turkish hot rolled coil producers' woes continue amid cost pressure restricting their ability to adjust prices down to levels acceptable to buyers, who need to restock, Kallanish observes.   Production costs remain a great pressure, forcing mills to maintain offers at $660-680/tonne ex-works – already slightly below cost break-even point. There is meanwhile a plethora of considerably lower-priced import availability, market participants sa…
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