Category: Melting Scrap
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South Asia: Imported scrap markets remain quiet amid Eid holidays; bid-offer gap restricts trade in India
HMS bids at $340-345/t CFR in India against offers near $370/t Turkish scrap prices remain stable despite subdued demand South Asian imported scrap markets remained largely subdued on 29 May amid the Eid holiday-related slowdown and cautious buying sentiment. Trading activity remained limited in Pakistan and Bangladesh, while India’s market continued facing pressure from poor…