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Cfr Turkey Fe scrap prices gain another $15-20 in pre-Ramadan buying

July 29, 2010 - 12:10 GMT Location: London

KEYWORDS: Turkey , ferrous , scrap , prices , imports

Ferrous scrap prices into Turkey shot up again this week as mills there booked more cargoes ahead of Ramadan, which is set to begin on August 11, market participants said.

Turkish buyers booked deep-sea cargoes from Europe and the US, paying $15-20 per tonne more than the deals they sealed last week. One US-origin cargo of mixed shredded and HMS 1&2 (80:20 mix) material sold at $361 per tonne...

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