Tag: HMS scrap trading

South Asia: Imported ferrous scrap markets witness downtrend; Indian buyers stay quiet

Feb 19, 2025

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by

Adarsh Ramteke

in Melting Scrap

Turkiye’s scrap prices soften, mills may restock soon Indian buyers remain cautious amid ample local supplies The South Asian imported scrap market remained subdued as Indian buyers exercised caution amid sufficient local supply and weak finished steel demand. Limited trades were reported, with Bangladesh seeing some activity in Singapore-origin PNS at $382-385/t CFR. In Turkiye,…