Tag: Imported Scrap Offers

South Asia: Imported scrap offers continue to fall; Bangladesh secures bulk cargoes

Mar 1, 2024

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by

Kanishka Chhabria

in Melting Scrap

Today, the South Asian ferrous scrap market witnessed a downward trend in prices. Indian buyers stayed cautious, while Pakistan and Bangladesh were comparatively active due to Ramadan and post-Ramadan demand, seizing the opportunity to book imported scrap as needed. Shredded scrap offers declined by $3-6/t across India, Pakistan, and Bangladesh. However, US bulk HMS (80:20)…