Author: Kanishka Chhabria
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South Asia: Imported scrap demand continues to remain under pressure
South Asia’s imported scrap market remained subdued today, as buyers in India, Pakistan, and Bangladesh faced various challenges including sluggish domestic steel demand and cautious purchasing strategies. In India, weak interest in imported scrap was driven by the availability of cheaper domestic materials, while Pakistan’s steel mills scaled back scrap consumption due to oversupply in…