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European Scrap Port Prices Increase As Fears Of Oversupply Subside

from Platts

Port prices in Benelux terminals increased this week as local recyclers eyed gains in bimonthly settlements with local steelmakers and exporters tried to fill vessels for shipments already booked to Turkish steelmakers, market participants said. Mills in Turkey had been holding off scrap purchases in handy size cargoes after seeing a weaker euro after Italian elections and believing that some oversupply would help weaken prices. more

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