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19 Sep

Turkish scrap prices soften further on fresh deals

Due to unfavourable sentiment, weak steel sales and sufficient availability of offers in the Turkish scrap market, prices have continued to fall on new deals, despite high freight rates challenging suppliers. Following the Netherlands-origin HMS 1&2 80:20 deal at $366/tonne cfr Turkey last Friday, another supplier from the same origin is heard to have sold at $368/t cfr to the same mill on the same day. A Baltic supplier is confirmed to have sold HMS 1&2 8…
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