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04 Oct
15:23

Turkish mills turn to short-sea, domestic scrap

Turkish mills’ demand for deep-sea scrap has slowed this week but they are seen to be active in the short-sea and domestic markets, Kallanish notes. Following the increase in Turkey’s rebar quotes due to the 37.2% rise in natural gas prices, Turkish mills have further lost their competitiveness in the global market. Although there is some activity in the domestic market, this comes out of fear among buyers that gas and electricity prices will rise furt…
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