Tag: Indian scrap purchases
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USA: Ferrous scrap export index falls to 9-month low on weak market sentiment
The US ferrous scrap export index dropped to a nine-month low, the lowest since November 2023, due to reduced demand from major importer Turkiye and South Asian countries. Maintenance at several US steel mills, which began in August and is expected to continue through late September to early October, has also dampened market sentiment. A…