US rebar market unlikely to be impacted by January scrap trend
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Business activity in Turkey’s hot rolled coil (HRC) market has as expected been limited in the first week of the year.
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Ex-China CRC prices have moved sideways over the past week as trading in both local and export markets has been limited.
Import containerized shredded scrap prices in India have softened slightly, but the focus of local secondary mills has shifted to Gulf-origin scrap.
During the week ending January 5, average Chinese steel pipe export offer prices have moved sideways.
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