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21 Feb

Weak demand, sliding steel prices pressure Turkish scrap

Most Turkish mills have kept their domestic scrap buying prices unchanged since last week, although imported scrap values continued to fall. A few mills even increased their prices to offset the weakening lira. No imported scrap bookings were heard on Wednesday, while Turkey's demand for scrap remained lacklustre. Most European suppliers are seen seeking prices at above $412/tonne cfr Turkey for HMS 1&2 80:20, although Turkish mills do not find these pric…
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