Tag: Gerdau acquisition
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US: Ferrous scrap export index inches down by $2/t w-o-w amid weak buying interest
The US ferrous scrap export index registered a slight decline of $2/tonne (t) w-o-w, with limited export inquiries from major buyers such as Turkiye and Bangladesh leading to minimal export price fluctuations. US domestic scrap consumption, in comparison, remained slow, which gave rise to weak market sentiments among sellers. The US Federal Reserve, on 18…