Tag: CFR Chennai scrap offers

Weekly round-up: Global scrap markets remain subdued; Turkish trade slows amid weak rebar demand

May 23, 2026

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by

Adarsh Ramteke

in Melting Scrap

Pakistan bookings slow ahead of Eid holidays Bangladesh remains weak amid LC constraints Global ferrous scrap markets remained largely cautious in the week ended 22 May amid weak steel demand in South Asia, subdued Turkish buying activity, and tighter freight conditions, while US prime scrap prices strengthened on improved mill demand. Gulf billet shortages continued…