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Turkish mills were largely inactive in the import scrap market over the week ended Friday August 27, while prices in key Asian markets were affected by the low levels of interest among mills for imported cargoes.
Prices for shredded steel scrap into Pakistan and India have decreased in the week to Friday August 27, sources told Fastmarkets.
Turkish steel producers made no new scrap bookings on Friday August 27, ending the working week with a single cargo deal amid limited finished steel sales, market participants said.
One western aluminium producer has extended an offer for fourth-quarter delivery aluminium to Main Japanese ports (MJP) at a premium of $250 per tonne cif, market participants told Fastmarkets on Friday August 27.
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