Weekly round-up: Global ferrous scrap prices show fluctuating trends in key markets

Global ferrous scrap prices showed mixed trends during the past week. India, Bangladesh and Vietnam saw subdued markets due to weak demand. Pakistan showed some positive sentiment despite low activity, while Turkiye experienced improved sentiment, with stronger demand from mills and tighter supply.

Turkiye: Imported ferrous scrap market saw a gradual improvement with U.S.-origin HMS 80:20 CFR Turkiye rising to $340/t, up 3% from previous week's $330/t, driven by rising collection costs in the U.S. and Europe and expectations of post-holiday restocking. While mills remained cautious due to sluggish rebar demand and adequate