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24 Jun
01:00

Turkish mills reduce domestic scrap purchase prices

Some of Turkey’s largest steelmakers have lowered their local scrap purchasing prices in the last few days, Kallanish observes. The decline in scrap buying prices reflects the slowdown in both domestic and export demand for rebar. Turkey’s biggest integrated steelmaker, Erdemir, slashed on 23 June its purchasing price for domestic DKP (auto bundle) scrap to TRY 745/tonne ($278/t) from TRY 765/t. This is the third price reduction for the…
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