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27 Jul
17:19

Turkish HRC market awaits export tax impact

Turkey’s domestic hot rolled coil market remains muted with few enquiries from buyers. Participants on both sell and buy sides are waiting for the possible implementation of export duties and cancellation of rebates on flat products from China, Kallanish hears. There is no guarantee of the new export taxes, or of their immediate firming effect on global HRC prices. However, the possibility of Chinese exporters reacting by releasing large quantities of the ma…
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