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    CRU

    December 17, 2020

    CRU: Scrap Prices Surge on Stronger Steel Markets

    By CRU Principal Analyst Chris Asgill, from CRU’s Global Steel Trade Service

    Scrap prices have surged over the past month, with import prices up $50-90 /t m/m. Turkish prices have gained the most significant ground, though were below Asian prices a month ago. At the time of our assessment last week Turkish prices were approaching $400 /t CFR, but prices have moved still higher this week and at the time of writing we heard deals reaching $435 /t CFR.

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