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29 Dec
13:16

Turkish domestic scrap falls sharply amid increased supply

Turkish mills have sharply decreased their domestic scrap buying prices since last week due to a significant rise in supply. Imported scrap prices, meanwhile, remain stable on the latest bookings, although suppliers are targeting higher prices, Kallanish notes. Scrap supply in Turkey's domestic market has increased significantly as a result of suppliers' willingness to clear out stock at year-end. Turkish mills have consequently reduced their scrap buying …
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