Tag: Weekly Global Scrap Report
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Weekly round-up: Global ferrous scrap market witnesses downward trend
After showing mixed sentiments in the previous week, the global ferrous scrap market remained mostly bearish this week. Hyundai Steel and POSCO remained absent from booking Japanese scrap. South Asia’s scrap import market saw a continuous decline in bids which, in turn, weighed down offers. However, on the other hand, Japanese Tokyo Steel’s domestic scrap…