Ferrous scrap export selling prices with the US had been dealing with downward tension after last 7 days’s bulk promotions to Turkey, with containerized shredded scrap the very first to point out signs of distress even though export yard getting costs have been agency because of anticipations of greater domestic scrap pricing in April.
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But a person exporter from the Boston location was currently hinting that selling price reductions could be noticed quickly a result of the reduced-priced trades to Turkey.
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Taiwanese and US scrap charges did continue being stable but the stress on US prices as strengthened around the week.
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