2 Factors Raise Ferrous Export Questions in April

April 03, 2025

While the value of ferrous scrap received another boost this March, maintaining that momentum in April could prove difficult for the commonly exported heavy melting steel (HMS) grades. Turkey is one of three major Muslim-majority nations among the largest purchasers of United States recycled steel, along with Bangladesh and Pakistan. In all three countries, the end of Ramadan on March 31 is poised to decrease trading activity the week of March 31-April 4, roughly coinciding with negotiations between U.S. sellers and domestic mill buyers.