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17 May

Turkish scrap market debates China, Israel pricing impact

Scrap prices in Turkey followed a more or less stable trend in the latest deals, at $380-382.5/tonne cfr Turkey for US material and $375/t cfr for EU-origin HMS 1&2 80:20, notes Kallanish. However, the market is now debating the next price movement. This follows the latest developments such as the announcement of several policies to stimulate the real estate market in China and Israel’s plan to terminate its free trade agreement with Turkey. Although so…
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