Tag: Global stainless steel scrap market faces pressure in Q2CY’25 as substitutes rise

Global mills reduce scrap usage, prefer NPI, slabs instead India’s scrap buying dips despite rising stainless consumption The global stainless steel scrap market remained under heavy pressure in Q2CY’25, as highlighted by the Stainless Quarterly Report from the Bureau of International Recycling (BIR). Weak demand, rising use of alternative raw materials, and uncertainty from changing trade…