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The price of shredded steel scrap imported into India and Pakistan jumped on Friday November 20, with available material in short supply and a strong Turkish market, sources told Fastmarkets.
Steelmakers in South Korea have focused on procuring steel scrap from their domestic market, along with some cut-price deals from Japan, over the past week, sources said on Friday November 20.
China’s expected recovery in air travel after the Covid-19 pandemic is expected to result in 8,600 new airplane purchases over the next 20 years, according to US manufacturer Boeing.
Scrap supply tightness and continued purchasing of billets by China have continued to drive Vietnamese import prices up in the week to Friday November 20, market sources told Fastmarkets.
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