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Global ferrous scrap market overview: week 46, 2019

Global ferrous scrap market observed a stable or rising trend in almost all major markets this week. Japanese domestic offers are on a rise after 7 months on increase in Kanto tender’s winning bids, while high offers to South Asian markets kept buying activities slow.
Turkey After witnessing sharp upward movement for the previous 5 weeks, imported scrap prices to Turkey stood stable in a couple of deep sea cargo bookings observed this week. In last deals reported, an Aegean region steel mill booked a composite cargo bulk vessel of 30,000 MT from a US recycler, comprising of 25,000 MT HMS

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