The South Asian ferrous scrap market remained largely stable d-o-d. Indian buyers showed disinterest due to a slowdown in the domestic steel market and prevailing bid-offer disparity. Buyers in Pakistan and Bangladesh are in a holiday mood ahead of Eid. Shredded scrap offers from the UK/Europe:
- India: $415-420/t CFR.
- Pakistan: $420-425/t CFR.
- Bangladesh: $425-430/t CFR.