Tag: scrap trade outlook
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US: Ferrous scrap exports sink to lowest since 2020, down 20% y-o-y in CY’24
Mexico, India see sharp declines in scrap imports in CY’24 US exporters may hold firm, impacting trade volumes in Q1CY’25 US ferrous scrap exports hit their lowest level since 2020, dropping 20% y-o-y to 14.52 million tonnes (mnt) in CY’24 from 15.74 mnt in CY’23. Most months saw weaker shipments, with January down 20% y-o-y…