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Turkish billet exporters slash offers on softening scrap prices

January 28, 2010 - 11:29 GMT Location: London

KEYWORDS: ferrous scrap , billet

Softening ferrous scrap prices has encouraged Turkish billet producers to pass on the decreases to buyers by slashing offer export prices.

Offers for billet have fallen by $20 per tonne to $470-480 per tonne fob, down from last week’s offers of $480-490 fob. Southeast Asia remains the most active buyer of...

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