Tag: China: Inadequate demand growth- falling prices a worry; short-term steel outlook volatile

The global ferrous scrap markets encountered significant challenges in the week ending 9 August 2024, marked by limited demand, falling prices, and cautious buyer behaviour across several regions. Key trends and updates are as follows: Turkiye: Turkish ferrous scrap prices experienced a sharp decline mid-week as Turkish buyers secured a European bulk vessel at $376/t…