Tag: Chinese billets impact
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US: Ferrous scrap export index falls by $18/t w-o-w amid weak interest from key markets
Turkish mills shift focus to cheaper Chinese billets Bearish flat steel outlook weights on US domestic scrap BigMint’s US ferrous scrap export index declined by $18/tonne (t) this week, weighed down by rising competition from cheaper steel alternatives. Export demand slowed as cheaper Chinese billets flowed into the global market, particularly impacting key US scrap…