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18 Apr
15:19

Turkish scrap demand remains lulled amid unfavourable conditions

Turkish mills’ scrap demand remains subdued amid weak market sentiment, prevailing uncertainty ahead of the upcoming Turkish elections, and poor steel sales. The latest deep-sea bookings were concluded from the US towards the end of last week. After a Marmara mill bought HMS 1&2 80:20 at $430/tonne cfr Turkey on 13 April, another Marmara mill is heard to have concluded 80:20 at $428.5/t and bonus grade at $448.5/t cfr on the next day. Although almost a…
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