Tag: USA: Ferrous scrap export index down by $2/t w-o-w; domestic scrap outlook firm amid tight supply

The US East Coast scrap export index softened as export prices declined slightly due to fewer inquiries from Turkiye, where cheaper billets are available. Meanwhile, demand in the US domestic market weakened due to slow construction activities during the summer break. The reduction in ferrous scrap collection and increased labour costs are further straining the…