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Global ferrous scrap offers remain stable during holidays on cautious sentiments

Source: BigMint Jan 07, 2025 10:00
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Steel Scrap Global Trading
Turkish imported scrap prices drop amid holiday lull. China's Shagang cuts prices on rising inventories.
Global ferrous scrap markets witnessed largely stable prices, as well as a slight downtrend this week, with limited activity seen in key regions due to the holiday season. Prices for US-origin HMS 80:20 fell 1% in Turkiye, while India's scrap prices rose slightly. Pakistan and Bangladesh experienced subdued markets,

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