Sharp decline in ex-US scrap price in Turkey
SteelOrbis has heard from market sources that a Turkish steel producer has concluded an ex-US deal for 21,000 mt of HMS I/II 80:20 scrap at $180/mt CFR, 14,000 mt of shredded scrap at $185/mt CFR and 5,000 mt of bonus grade scrap at $190/mt CFR. This price is $10/mt lower than the price level in the previous ex-US scrap deal concluded in Turkey.
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