23
May
16:43
Indian duties stir Turkish HRC market
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Turkey’s hot rolled coil market has stirred on the news of India implementing HRC export duties, following weeks of declining prices and the absence of buying interest, Kallanish notes.
Mills report renewed enquiries from buyers, but most producers are not giving prices, as they observe the effect the Indian taxes will have on the market. Most mills are understood to be well sold out until July, but some participants note there may still be some availability…
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