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31 Jan

Turkish scrap continues climb amid imbalanced supply, demand

Imported scrap prices in Turkey continue their rise amid demand outpacing supply. Three imported scrap bookings done last week were heard in the market on Tuesday. A southern Turkish flat and long steel mill bought three cargoes from the EU, Baltic and Canada. The EU deal was booked at average $412/tonne cfr Turkey, although the composition is not yet clear. The Baltic deal was concluded at $420/t cfr for HMS 1&2 80:20, while the Canada-origin cargo was bought…
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