Tag: US ferrous scrap export index

US: Ferrous scrap export index witnesses sharp drop of $16/t w-o-w

Oct 18, 2024

—

by

Adarsh Ramteke

in Melting Scrap

Weak steel demand impacts Turkiye, Bangladesh US domestic ferrous scrap market stagnates in Q3CY’24 The US ferrous scrap export index showed a downtrend w-o-w, attributed to limited interest from Turkiye, with US freight rates higher compared to the previous week. A spurt of strong import demand, particularly from Turkiye, also supported prices last week. FOB…