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05 Dec

Turkish HRC prices trace scrap, buyers not convinced

Turkish hot rolled coil producers continue to attempt price increases, in line with recent rises in ferrous scrap values in both import and domestic markets. But uptake by buyers is poor, amid ongoing availability of lower-priced imports, and an impressive arrivals portfolio for the following quarter, on the back of previous restocking, Kallanish observes. Mills raised prices by another $20/tonne last week, from $620-640/t ex-works to around $640-660/t ex-works, d…
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