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23 Feb

Turkish scrap to sink below $400 threshold: sources

Scrap prices in Turkey are about to fall below the $400/tonne cfr threshold amid the availability of numerous offers at around $400/t cfr from the EU. On Friday, mills continued to stay out of the market, while almost all suppliers had at least one cargo to sell. Some European suppliers that are approaching loading time were even eager to sell at below $400/t cfr. However, they failed to find bids or buyer interest. In the Benelux, some exporters bidding at &eu…
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