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29 Mar

Scrap, energy cost declines ease Turkish mill pressure

Turkish mills are seen mostly maintaining their domestic scrap buying prices while imported scrap values continue to decline, Kallanish notes. However, although domestic scrap buying prices remain stable on a TRY basis, they are falling on a USD basis due to the continuing depreciation of the lira. A western mill that was inquiring about scrap on Tuesday bought one deep-sea and one short-sea scrap cargo. The Denmark-origin deep-sea scrap cargo, which was offered …
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