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31 May

Turkish scrap remains mostly stable despite depreciating lira

Most Turkish mills have kept their domestic scrap buying prices unchanged since last week, while a few even decreased their prices despite the continuous depreciation of the lira, Kallanish notes. A significant rise in material flow is being observed in southern Turkey due to the removal of earthquake debris, meanwhile. One Turkish mill source expects this to continue at least for another two years. Some producers are seen widening the price gap between grades due…
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