Tag: Global ferrous scrap market struggles amid tight supply and weak demand in Q1: BIR report

Recycled steel consumption shows decline across major regions Turkiye remains No.1 scrap importer, but volumes fall 12% y-o-y The July 2025 BIR World Mirror painted a bleak picture for the global ferrous scrap market, with mills hit by high input costs, weak demand, and currency swings. It reinforced recycled steel’s importance in decarbonisation, citing up…