Metal Movers: What is supporting the Turkish scrap price?
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How is Turkish ferrous scrap faring against soaring energy prices and a weakening economy, why hasn’t the scrap import price crashed? Tune in as Ronan Murphy and Alex Reynolds explore the strength of Turkish ferrous scrap despite soaring energy costs and other market headwinds, including the August/September price floors supported by EU logistics, demand from India, weaker scrap generation, the absence of Russian swing supply and domestic rebar demand.
