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WEEKLY: Global steel scrap price up on bullish sentiment

ABSTRACT

Imported scrap sentiments in Turkey improved after higher-priced deals by steel mills for March loading were concluded this week. Following the trend, South Asian countries also witnessed a rise in imported prices in the recent trade. On the other hand, Japan's scrap export market was silent awaiting the bellwether monthly Kanto Tetsugen tender which is scheduled for 9 Feb'22.
Turkey's imported scrap prices rise: Turkish deep-sea ferrous scrap import prices rose sharply in recent deals concluded from the EU, Venezuela and Russia. Sentiments in the imported market improved following these deals. Prices are likely to go up further in the near term. A Venezuela-origin cargo comprising HMS 1/2 (80:20) was

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