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Weekly: Global ferrous scrap market overview

Global ferrous scrap market witnessed a sharp hike in prices on tighter material availability and shortage of containers. Turkish scrap trades remained bullish on strong prices. Following global trends, prices in South Asian markets climbed further on supply tightness. Japanese domestic prices continued to increase on higher export offers.
Turkish imported scrap price near two-year high in recent deals -Turkish imported scrap prices have confirmed further in a recent deal concluded yesterday. Turkish mill sales have been good and scrap supply is slowing down with Turkey still seeking many cargoes. Market insiders have accepted the price hike as active

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