Tag: Weekly round-up
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Weekly round-up: Global ferrous scrap prices inch lower except in Japan
The global ferrous scrap market remained gloomy this week. Negotiations were slow by Turkish buyers amid adverse market conditions. But Vietnamese imported scrap trade remained stable despite decrease in rebar consumption by buyers. On the other hand, Japanese scrap suppliers kept prices high despite weak demand. China’s Shagang Steel, though, slashed scrap buy prices on…