Tag: February scrap outlook

Weekly round-up: Global ferrous scrap offers witness mixed trends

Feb 8, 2025

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by

Adarsh Ramteke

in Melting Scrap

Indian imported scrap offers decline amid currency fluctuations Imported scrap offers into Turkiye rise on bullish sentiment Global ferrous scrap markets witnessed a mixed trend this week. Turkiye’s US-origin HMS 80:20 CFR rose 1% to $354/t amid restocking, while India’s shredded scrap fell 1% to $373/t due to weak demand. Pakistan and Bangladesh saw sluggish…