Tag: Muharram holiday impact
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Global ferrous scrap market remains under pressure; Muharram weighs on regional buying
Turkiye prices decline further as mills resist higher scrap offers. UAE: Export ban yet to lift domestic scrap prices. Global ferrous scrap markets remained subdued in the week ended 27 June, with weak steel demand and need-based procurement limiting trading activity across major markets. Trading in parts of South Asia slowed further due to the…