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29 May
16:57

Stuttering Turkish economy seen maintaining pressure on scrap

Turkey’s precarious economic situation is likely to continue to suppress the country’s scrap purchases and therefore maintain downward pressure on global scrap prices going into the summer. This was the consensus among ferrous division board members at the Bureau of International Recycling (BIR) convention in Barcelona on Tuesday. Ferrous division president Tom Bird said that although steel demand is healthy across most regions, Turkey is “&hel…
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