Tag: Weekly round-up: Global ferrous scrap offers drop by up to 7% w-o-w

This week witnessed a decline in global ferrous scrap prices, ranging from 2-7% across various markets. Indian buyers exercised caution and adopted a wait-and-see approach due to the availability of cost-effective alternatives in the domestic market, along with the arrival of cargoes at lower prices. In contrast, Pakistani buyers viewed the price drop as an…