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27 Feb

US scrap market eyes further rises in March

Sentiment in the US domestic scrap market over March trading continues to improve amid sharp price rises seen in Turkey, the largest export destination. A US supplier tells Kallanish: “Besides the Turkey factor, supply shortages and increasing steel prices are also supporting further rises during March trading.” Although the market was not expecting a fourth consecutive monthly increase in March trading, current market fundamentals point to a signific…
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Burcak Alpman  |  Turkey
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