Author: Kanishka Chhabria
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South Asia: Imported ferrous scrap offers see mixed trends d-o-d amid minimal buying interest
The South Asian ferrous scrap market exhibited a mixed trend. Indian buyers adopted a wait-and-see approach amidst a rapid increase in domestic scrap offers. Pakistani and Bangladeshi buyers slowed down purchases due to Ramadan and the approaching Eid next week. In terms of shredded scrap, offers increased by $4/t in India, $1/t in Pakistan, and…