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14 Nov

Turkish HRC prices test bottom

Prices of hot rolled coil in Turkey remained under pressure in the past week, with prices sliding further. A slight reversal has however been noted since the end of last week, with offers rising slightly for imported material. This will possibly put a stop to the avalanche of Asian HRC and other flat products booked in the past month, market participants tell Kallanish. Early last week, the extent of price reductions by Chinese and South Korean suppliers deep…
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