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Turkish scrap import prices have gone down, as expected, with news of a UK cargo being sold at the end of last week coming to light on Thursday March 25.
The magnitude and volatility of price differences between iron ore product types and grades is growing, causing legacy practices in contract structuring to break down
Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told Fastmarkets.
A green-tinged recovery from Covid-19 sees readjustment in iron ore price dynamics.
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