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07 Nov

Turkish HRC prices remain under pressure

Turkey’s hot rolled coil market remained under pressure from lower-priced imports during the past week, but short selling by Chinese traders largely ceased by the end of last week, market participants tell Kallanish.   The pressure pushed Turkish mills to reduce their offers by around $10/tonne on-week from $660-680/t ex-works to $650-670/t ex-works last week, for December delivery. However, participants emphasise each offer entering…
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