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Weekly round-up: Global scrap markets diverge as Turkiye remains firm, India cautious

Source: BigMint May 12, 2026 10:00
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Steel Scrap Global
Turkish prices remain firm amid limited US cargoes, stable freights. Indian demand stays subdued amid bid-offer gaps, lean mill margins
Global ferrous scrap markets remained mixed during the week ended 8 May, with firm sentiment in Turkiye, Pakistan, and South Korea contrasting against subdued buying activity in India and cautious trading in Bangladesh amid weak steel demand and persistent bid-offer gaps.   Turkiye: The deep-sea imported scrap market remained largely firm yet

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