Tag: steel mill demand

US: Ferrous scrap export index drops $3/t w-o-w amid dull steel demand

Dec 6, 2024

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by

Adarsh Ramteke

in Melting Scrap

High steel inventories limit trade in Vietnam, Bangladesh Turkiye favours affordable EU scrap amid rebar price drop The US ferrous scrap export index dropped by $3/tonne (t) w-o-w on Friday (6 December 2024), as major buyers showed weak interest amid sluggish domestic steel markets. For example, Turkiye is increasingly turning to cheaper EU-origin scrap following…