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15 Oct
18:19

Turkish domestic scrap prices increase after prolonged downtrend

Following increases seen in imported scrap prices, Turkish steel mills are observed to have raised their local scrap buying prices, Kallanish notes. Demand from Turkish mills is stronger for short sea scrap and short sea quotes have moved closer to deep sea price levels due to shortages. Almost all Turkish steel producers therefore have increased their local scrap buying prices this week. When there is a shortage in short sea material, local scrap is the closest…
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