Most Turkish steelmakers have kept their scrap buying prices unchanged on-week, despite the further increase in import prices. This is mostly due to the stronger lira this week.
Imported scrap prices have increased up to $306.5/tonne cfr for HMS 1&2 80:20 on the latest scrap booking from the US. Suppliers are now targeting higher prices and most have withdrawn their offers from the market. (see seperate Kallanish story).
High volatility in exchange rates cont…
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