Global ferrous scrap offers up on strong US market

Source: BigMint Mar 25, 2025 08:30

India gets demand boost from safeguard duty announcement. Turkish prices hold firm on tight supply, higher steel demand.

Global ferrous scrap offers remained positive this week, supported by tight supply, improved finished steel demand, and stronger US domestic prices. Turkiye and India saw firm prices, while Bangladesh and Pakistan remained slow due to Ramadan. Japan's export offers rose, and Vietnam showed cautious buying. South Korea and China