Tag: Ferrous scrap export markets weaken w-o-w as Turkish buying slows; US and European prices fall while Brazil remains stable

European mills’ high unsold steel inventories reduce expectations for scrap restocking US export prices fall despite firm domestic mill demand, below-normal scrap inventories Global ferrous scrap export markets weakened in the second week of October 2026 ended 17 October 2026. Turkish mills stayed reluctant to buy, European mills held large stocks of unsold steel, and…