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Approaching July trading, US market participants are seen expecting higher losses in domestic scrap prices due to pressure in export destinations, specifically in Turkey, the largest market. A US merchant was confirmed late on Monday concluding a deal at $330/tonne cfr Turkey for HMS 1&2 80:20, down from the previous US sale the week before last at $368/t cfr. Although US suppliers were hoping to sell at higher values, at above $340/t cfr, these levels have nā€¦
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