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08 May

Turkish scrap struggles to stabilise amid steel pressure

Almost all Turkish mills have kept their domestic scrap buying prices unchanged since last week, although imported scrap values have softened since then, Kallanish notes. Following their slight decrease towards the end of last week, imported scrap values have almost stabilised in the latest deals.  A single deal was heard on Wednesday. A UK-origin supplier sold HMS 1&2 80:20 at $377/tonne cfr Turkey, which is $1/t lower from last week's UK deal.…
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