Tag: Global ferrous scrap outlook
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How did global recycled steel market perform in Q2CY’24? Will supply constraints fuel competition in Q3? – BIR report
The latest quarterly report from the Bureau of International Recycling (BIR) highlights a consistent concern among industry experts: Limited availability of recycled steel. This scarcity is impacting markets globally, from Scandinavia where low supply is challenging capacity fulfillment and squeezing margins, to the UK where flat steel mill prices reflect fears of growing supply shortages.…