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The first half of Turkish scrap consumption down 10.3 percent year on year to 13.21 million tons, down 10.3 percent in Japan to 17.03 million tons, down 10.1 percent to South Korea 15.17 million tons, down 9.3% China 43.1 million tons to the United States down 7.1 percent to 24 million tons, Russia fell 0.1% to 8.26 million tons, only European demand is relatively stable, consumption increased slightly by 0.5% to 48.4 million tons.

As the international ore price decline, the use of iron ore is relatively low steel production costs, resulting in a slowdown this year, scrap procurement activities. In Turkey, steel production more willing to lower-priced imports from China billet to obtain higher profits, and therefore Turkey is a net exporter of steel products for the first time from the shift to a net importer.

3 quarter of the global scrap market situation is also not appear to reverse the signs. Faced with increased steel imports and a slowing domestic demand, most of the United States from the beginning of July on mills cut scrap buying volume and lower purchase price.