scrap
Ferro Alloy

US: Ferrous scrap export index falls $6/t w-o-w on dull inquiries from key buyers

The US ferrous scrap export index has experienced a w-o-w decline, primarily due to weakened demand from Turkiye, which is currently focusing on pushing the imported price down amid cheap availability of European material. Additionally, the falling EU exchange rate is likely to support European suppliers in lowering their offers for Turkiye further impacting the […]

Imported ferrous scrap
Ferro Alloy

Pakistan: Imported ferrous scrap index down $2/t w-o-w; weak rebar sales dampen buying interest

Imported ferrous scrap offers to Pakistan slightly declined w-o-w, Pakistani mills are not actively sourcing imported scrap with continued weak rebar sales and competitive domestic scrap prices. As per market insiders, rebar movement stays sluggish, and for the current week liquidity pressure may persist. So far, India, Pakistan, and Bangladesh are not competitive markets because […]