Tag: US: Ferrous scrap market faces downturn amid weak demand maintenance breaks

The US ferrous scrap export index dropped by $6/tonne (t) w-o-w driven by weak demand from the leading importer, Turkiye, as well as other South Asian countries. Additionally, several US steel mills have been under maintenance since August, with maintenance work expected to continue through late September to early October, further dampening market sentiment. A…