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14 Jun
15:56

Market expects Turkish scrap to remain depressed

The Turkish scrap market continues to remain depressed amid mills’ lack of appetite for scrap purchases due to unfavourable market conditions. Following last week’s deals at sharply decreased prices from the previous week, no fresh booking is heard so far this week. Market participants are expecting to see further falls amid bearish sentiment arising from global price decreases, weak trading activity and low-priced eastern Ukrainian material offered in…
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