Tag: Weekly round-up: Global scrap markets remain firm

Weekly round-up: Global scrap markets remain firm, but demand weakness persists; Indian rupee hits record low

May 2, 2026

—

by

Adarsh Ramteke

in Melting Scrap

Turkiye firm, range-bound amid weak rebar demand Kazakhstan extends export ban, supports domestic supply Global ferrous scrap markets remained firm yet cautious in the week ended 2 May 2026, with strong US fundamentals and Turkiye support offset by weak demand in India, Pakistan, and Bangladesh, while policy measures and currency pressure continued to limit buying…