Tag: US: Ferrous scrap export index rises $15/t w-o-w on bullish demand from Turkiye

The US ferrous scrap export index increased sharply due to firm offers and better inquiries from Turkish steelmakers for November 2024 shipments, as their rebar sales in the domestic and export markets continue to rise supported by buyer preference for high-priced ferrous scrap from the US. As per market insiders, when the US Fed cut…