The South Asian ferrous scrap market dropped by $2-3/t d-o-d. Indian buyers showed little interest in imported scrap due to slow steel sales and bid-offer disparities, despite tight domestic supply. Eid holidays in Pakistan, Bangladesh, and Turkiye halted firm offers or bids. Shredded scrap offers from the UK/Europe were:
- India: $417/t CFR Nhava Sheva
- Pakistan: $423/t CFR Qasim
- Bangladesh: $422/t CFR Chattogram.