Tag: Global ferrous scrap seaborne trade edges down 5% in Q1 CY’24. Know why?

Red Sea crisis raises freights, disrupts supplies Flat global crude steel output hits scrap intake Q2 may see rising freights, changing trade flows Morning Brief: Global ferrous scrap trade volumes, excluding the European intra-trade, dropped a provisional 5% y-o-y in January-March, 2024 (first quarter, Q1CY’24), reveals data maintained with BigMint. Total imports in Q1 declined…