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07 Jun
13:36

Turkish domestic scrap edges up amid depreciating lira

Turkish mills have increased their domestic scrap buying prices this week due to the accelerated depreciation of the lira, Kallanish notes. On the other hand, imported scrap prices are fluctuating in a narrow range depending on the origin, quality, content and shipment date of the cargoes. Three fresh deals were heard on Wednesday. Baltic-origin HMS 1&2 80:20 was concluded at $382/tonne cfr Turkey on Monday. This cargo is $2/t cheaper compared to the previous …
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