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22 Sep

Turkish scrap prices stabilise on fresh bookings

Turkish steel producers failed to procure scrap at desired levels last week as scrap suppliers showed strong resistance amid high freight costs, Kallanish notes. Although Turkish mills were targeting to buy premium HMS 1&2 80:20 in the low $370s or even below $370/tonne cfr Turkey, scrap suppliers resisted lowering prices to these levels amid the significant freight rate hike. Fresh deals were heard on Friday. A western Turkish mill is heard to have bought De…
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Burcak Alpman  |  Turkey
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