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05 Sep
16:07

Turkish mills eye steel sales before scrap purchases

Turkish mills have had a quiet start to the week in terms of scrap purchases, while focusing on steel sales. They initially wish to gauge the situation in steel sales before procuring feedstock. In the absence of Turkish mills from the market, most scrap suppliers also remain removed, while targeting higher prices. A Venezuelan-origin cargo is heard to be offered at around $377/tonne cfr Turkey for HMS 1&2 80:20, while a US supplier is targeting above $380/t …
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