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05 Aug
15:41

Turkish domestic and imported scrap prices edge up

All Turkish steelmakers have increased their domestic scrap buying prices since last week, Kallanish observes. This is mostly due to the further hike seen in imported scrap prices, fast depreciation of the lira, and mills' increased domestic scrap requirement this week. While mill demand for September-shipment import cargoes continues, they are filling missing quantities in August from the domestic market. All steelmakers, as a result, increased…
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