South Asia’s imported ferrous scrap market fell further after the latest round of Turkiye’s deals, buyers and steelmakers are waiting for price clarity. Bangladeshi buyers remained silent whereas few deals have been concluded in Pakistan.
Indian buyers remained cautious about booking any further cargo and were waiting for the arrival of previous shipments.
Price assessment
- UK-origin shredded scrap prices were at $450/t CFR Qasim, falling by $5-10/t against yesterday.
- Europe-origin shredded scrap offers in India stood at $455/t CFR Nhava Sheva, down by $3/t d-o-d.
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