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21 Jul
16:12

Turkish flat steel market falls on negative sentiment

Turkey’s flat steel market was quiet last week, with customers in wait-and-see mode amid falling scrap values, tight credit liquidity and country’s general negative economic sentiment, Kallanish notes. Hot rolled coil from Turkish domestic producers was available at $660-680/tonne ex-works, but dropped to $640-670/t ex-works by the end of the week. In case of mill-to-mill contracts, lower numbers were also possible, according to market partic…
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