Tag: property stimulus

US ferrous scrap export index drops $11/t w-o-w amid weak Turkish demand, lower European offers

Nov 22, 2024

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by

Adarsh Ramteke

in Melting Scrap

Subdued steel demand limits US export trade Cheaper Chinese billets pose stiff competition The US ferrous scrap export index declined by $11/tonne (t) w-o-w. Major buyers such as Turkiye, Bangladesh, and India showed weak interest in US-origin bulk scrap due to sluggish steel markets. To illustrate, weak demand in the Turkish rebar market caused mills…