South Asia: Bearish sentiments weigh on imported scrap prices

Imported scrap prices in South Asia were under pressure due to slow buying activities in the Turkiye market, increasing currency exchange rates, and bid-offer disparity.

SteelMint’s assessment for UK-origin shredded scrap stands at –

• $475/t CFR Bangladesh, falling by $5/t d-o-d.
• $432/t CFR Qasim, down $3/t compared to yesterday.
• $440/t CFR Nhava Sheva, unchanged d-o-d.