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Turkish scrap import prices not stable even blockade released

3 Jun 2020 13:43 reported by Jamie Yen

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The policy of prevention to COVID-19 in Turkey had gradually been released. Most of the local steel mills had started to resume production and intended to purchase imported scraps from overseas.

However, just after the new transactions on June 1st in Turkey, the imported scrap prices fell unexpectedly.

Although the banks in Turkey had provided some measures to speed up the recovery of Turkey, the fruitful result seemed not yet ready to come.

Some Turkish steel mills expected that the help from banks and government could increase the steel demand. However, it might be too early to make a judgement as the reflection of the sudden drop of the imported scrap prices had shown that the market was still full of unknown.

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