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17 Nov
13:59

Turkish scrap upward pressure seen abating in March

Turkish scrap import prices will remain “…higher for longer” than during their previous rally in the second quarter, before falling back from next March onwards, according to CRU senior consultant Chris Asgill. Turkish scrap prices have risen consecutively since early October due to reduced scrap availability in supplier markets, the US, Europe and CIS, coupled with rising Chinese and CIS billet prices limiting alternative feedstock options. &…
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