Today, the imported scrap market in South Asia witnessed mixed trends, particularly with India’s market remained active with multiple trades and workable prices declining by $5-7/t d-o-d in shredded CFR Nhava Sheva. Buyers are facing a lack of domestic demand in Pakistan, imported scrap offers were heard at $420-425/t CFR Qasim, while imported shredded offers for Bangladesh were heard at $420-424/t as buyers remain cautious amid fluctuating global price trends.
