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Global markets stabilize following recent price spikes

Global markets stabilize following recent price spikes

Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.

  • High supply hits Turkish import market again
  • US export prices rise in sales to Turkey
  • Vietnamese import prices keep rising despite calmer steel markets
  • Chinese buyers re-enter market for bulk cargoes at higher prices
  • Taiwan import prices stabilize following recent rises
  • India prices rise on firm finished steel prices
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