Global demand in the scrap metal market continues to fall

Recently, international demand in the scrap metal market has been on a downward trend, driven by a decline in demand in the finished steel market.

The world's largest consumers of scrap metal, Turkish factories, postpone the purchase of scrap under the influence of the holidays. Asian steel mills are now also lowered purchases, awaiting price adjustments.

In February 2017, demand in the US scrap market remained flat compared to January.

Impacted by falling export prices, the scrap market shrank the most in the East Coast region. India's scrap imports also fell as buyers took a wait-and-see attitude, anticipating further declines in prices.