Imported ferrous scrap prices in South Asia remained range-bound d-o-d today. One of the key markets, India, is inactive on account of the upcoming Holi festival. Trade activities in the country may resume post-the holidays.
Meanwhile, Pakistan’s market remained subdued with no trade activity and prices remained steady. Bangladesh’s market remained quiet as sellers kept offers stable.
Price assessments
- Europe-origin shredded scrap offers into India stood at $480/t CFR Nhava Sheva, unchanged d-o-d.
- UK-origin shredded scrap prices stood at $505/t CFR Chattogram, the same as the last offer on a d-o-d basis.
- UK-origin shredded scrap prices stood at $495/t CFR Qasim, unmoved d-o-d.
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