South Asia: Imported scrap buyers turn active as offers fall, Bangladesh market stable

South Asia’s imported scrap market has been witnessing a downward price trend. Pakistan and India markets remained active in concluding deals as mills have limited scrap stock along with a decline in offers.

• 1,000 t of UK-origin shredded have been booked at $510/t CFR Pakistan. Another 2,200 t deal of the same material has been concluded at $515/t, CFR. Fresh offers for the same are at around $510-515/t CFR Qasim levels, down by $5/t d-o-d.
• 800 t HMS-1 of Dubai-origin was traded at $480/t, CFR Nhava Sheva. SteelMint’s India assessment for shredded scrap from UK-origin is at 515/t CFR, Nhava Sheva, down $5/t CFR levels d-o-d.
• Bangladesh’s imported scrap offers for UK-origin shredded stand at $530-535/t CFR, Nhava Sheva, unchanged against yesterday.