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09 Jan

Turkish HRC prices rise, China remains competitive

Turkish hot rolled coil producers continue to increase prices, in line with ascending ferrous scrap sentiment and despite abundant lower-priced Asia-origin material availability. The latter resulted in significant Chinese HRC volumes being sold in Turkey in the last fortnight. Turkish capacity utilisation remains at around 50%, but prices are rising quicker than buyers can confidently accept them and push utilisation up, Kallanish notes. Turkish HRC prices …
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