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Turkish scrap buying is slow on high prices

Turkish steel mills are still buying little scrap because of the high global prices. US suppliers are not offering any price to Turkey because of the strong domestic demand in USA, market sources tell Steel Business Briefing.

Only one deep sea cargo from the European Union was sold to Turkey this week. This latest mixed cargo included 5,000 tonnes of busheling scrap, 5,000 tonnes of shredded and 35,000 tonnes of HMS 1&2 70:30 sold at $314/t cfr, SBB learns.

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