Tag: China monetary policy
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US: Ferrous scrap export index rises $8/t w-o-w as Turkiye remains active in deep-sea market
Improved sentiments in China support global market Turkish prices up $7/t amid rebound in rebar demand The US ferrous scrap export index increased by $8/tonne (t) w-o-w on Friday (13 December 2024), supported by improved sentiment following China’s plans to ease its monetary policy and implement proactive fiscal measures in 2025. Rising steel billet prices…