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13 Sep

Turkish scrap market remains stable, activity weak

Turkish mills have kept their domestic scrap buying prices unchanged since last week despite the rises seen in imported scrap values, Kallanish notes.  Some Turkish mills resumed their deep-sea scrap purchases for October shipment towards the end of last week. This, coupled with the sharp rises seen in freight rates, caused import prices to hike. On Wednesday, a US-origin scrap booking was rumoured done in the market at $380/tonne cfr Turkey for HMS 1&a…
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