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10 May
13:24

Turkish scrap mostly stabilises on fresh transactions

Turkish mills are seen keeping their domestic scrap buying prices mostly unchanged from last week, while a few have increased values slightly due to the continuing depreciation of the lira, Kallanish notes. Imported scrap prices, meanwhile, are seen to have stabilised on fresh bookings following a long-lasting downtrend. Turkish mills have seen a significant rise in domestic steel demand and are thus active in scrap purchases, concluding June-shipment cargoes. Mul…
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