Tag: weekly global scrap market
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Weekly round-up: Bearish market trends impact global ferrous scrap prices
Negative sentiments continued to prevail in the international scrap market. Turkiye remained largely silent with few little deals heard. Japanese scrap export offers fell to the lowest level in one year. Tokyo and Shagang Steel announced a further cut in local scrap buy prices. Steel demand in Vietnam remains under pressure. Hyundai Steel resumed bids…