Tag: hurricanes
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US: Ferrous scrap export index witnesses sharp drop of $16/t w-o-w
Weak steel demand impacts Turkiye, Bangladesh US domestic ferrous scrap market stagnates in Q3CY’24 The US ferrous scrap export index showed a downtrend w-o-w, attributed to limited interest from Turkiye, with US freight rates higher compared to the previous week. A spurt of strong import demand, particularly from Turkiye, also supported prices last week. FOB…