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Ferrous prices drop £15 a tonne

Ferrous prices have dropped £15 a tonne this week, following the withdrawal of Turkey from the international market.

Traders have told MRW that Turkey is no longer buying much material, and has reduced prices between $20-30 a tonne, creating a “lacklustre” situation for merchants in the UK.

Further price reductions are expected when home steelworks prices settle for February deliveries.

WRAP MPR and MRW Pricing information is available every Thursday on

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