Tag: currency impact on scrap imports
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South Asia: Imported scrap markets weaken; India faces heavy rains, currency pressure
USD appreciation makes offers to India unworkable Pakistan sees slow scrap trades, shredded slips $5/t South Asia’s imported scrap markets remained subdued, with weak demand, currency pressures, and weather disruptions impacting key regions such as India. Meanwhile, Turkiye saw softer prices amid increased European cargo availability. India: Imported scrap offers in India stood at around…