Tag: steelmaker’s
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Weekly round up: Global ferrous scrap prices decline on weakening steel demand
The global ferrous scrap market experienced a week of falling prices and cautious purchasing, due to sluggish demand from major importing countries. In Turkey, scrap prices dropped as mills opted for cheaper Asian billets, worsening the market decline. In India, weak demand and price differences have led to an increased use of DRI and sponge…