Tag: How did global ferrous scrap market perform in CY’25?

Global ferrous scrap consumption declined by 5% y-o-y in CY’25 to 575.2 million tonnes (mnt) from 605.0 mnt in CY’24, reflecting weaker steel output and cautious mill buying. The modest fall comes amid a slight 2% dip in global crude steel production, which stood at 1,850 mnt in CY’25 from 1,886 mnt in CY’24. Production decreased…