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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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August 2015 | Steel Raw Materials


Renewed Turkish scrap demand gives seaborne suppliers leverage to lift b/marks from multi-year lows: Latest Analysis


MBR expects European scrap suppliers will struggle to push through similarly large hikes to those witnessed over the past week.

Slack Turkish mill demand resulted in European scrap suppliers dropping benchmarks to a multi-year low of $213.86/t, CFR Turkey, on Friday 24th July for HMS#1&2 (80:20) north European-origin material, as measured by Metal Bulletin’s Daily Ferrous Scrap Index. More recently, however, we believe restocking activity...

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