The South Asian ferrous scrap market saw minimal buying today. Indian buyers were disinterested amid domestic steel market slump and bid-offer discrepancies. No firm offers were reported for Pakistan and Bangladesh due to Eid. Shredded offers from the UK/Europe were thus:
- India: $420/t CFR Nhava Sheva, unchanged.
- Pakistan: $424/t CFR Qasim, down $1/t.
- Bangladesh: $423/t CFR Chattogram, down $2/t.