Tag: steel supply glut
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Global ferrous scrap trade volume rises 2% y-o-y in H1CY’25 despite dip in crude steel production
Consumption drops by 5% y-o-y on steel supply glut South Asia, US, Vietnam lead growth in scrap imports Range-bound trend to continue amid weak steel demand Morning Brief: Global ferrous scrap trade volumes, excluding European intra-trade, increased by around 2% y-o-y to around 29.38 million tonnes (mnt) in January-June 2025, reveals data maintained with BigMint.…