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Global ferrous scrap market remains in dim; Middle East tensions weigh

Source: BigMint Jul 14, 2026 10:00

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Turkiye: Sharp scrap price declines pressured mills and suppliers. Japan: Weaker yen boosted export competitiveness despite lower tender

Global ferrous scrap markets remained under pressure in the week ended 10 July as weak steel demand and cautious mill procurement weighed on trading. Renewed Middle East geopolitical tensions also heightened concerns over freight, logistics and supply chain disruptions. Turkiye: Deep-sea imported ferrous scrap prices fell sharply during the week as

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