Author: Kanishka Chhabria
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South Asian ferrous scrap market stumbles amid cautious domestic, global headwinds
The South Asian ferrous scrap index witnessed a decline today owing to both domestic and global factors. In India, a significant gap between bids and offers led to a cautious approach among buyers, stalling demand for the imported material. Pakistan’s market activity has slowed due to seasonal rains and delayed payments, while Bangladesh remained moderately…