Tag: construction industry demand

Weekly round-up: Global ferrous scrap prices edge down w-o-w; Indian buyers silent amid higher offers

Feb 22, 2025

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by

Adarsh Ramteke

in Melting Scrap

Prices into Turkiye fall as mills resist high costs India’s shredded scrap fell on weak demand, ample supply Global ferrous scrap offers fell as weak steel demand, high import costs, and cautious buying limited trade activity. Turkish mills resisted higher prices, pushing HMS 80:20 to $358/t CFR. South Asia saw subdued demand amid sluggish construction.…