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Global scrap prices dropped by $20–30/tonne in late April.
Weak mill demand and trade policy uncertainty triggered the fall.
Indian buyers may benefit temporarily but market volatility is expected to persist.
In a significant development for the global steel industry, scrap metal prices experienced a sharp downturn towards the end of April 2025. According to international market reports, weakened buying activity, subdued demand from mills, and uncertainty over upcoming trade regulations have contributed to the sudden slump.
Major scrap-consuming countries like Turkey, India, and Pakistan reported lower import bookings as mills exercised caution amid volatile pricing. The sharp fall was particularly notable in premium HMS and shredded scrap categories, with rates dipping by $20–30 per tonne within a span of days.
Industry insiders attribute the correction to a combination of factors — including reduced demand from key importing regions, ongoing global trade tensions, and logistical bottlenecks affecting scrap movements.
For India, already facing stiff competition from cheaper Chinese steel imports, the dip in global scrap prices could temporarily ease raw material costs for domestic manufacturers. However, experts warn of continued volatility in May as markets await clarity on trade policies and infrastructure demand projections.
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