Tag: freight costs scrap market
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Ferrous scrap export prices remain firm amid tight supply, elevated freight costs
US domestic market slows amid planned mill maintenance shutdowns Weak steel demand, cautious sentiment limit fresh scrap bookings Global scrap export markets remained largely stable to firm during the week ended 15 May, supported by elevated freight costs, tight supply conditions, and firm collection prices across the US, EU, and Brazil. However, weak finished steel…