Tag: LC constraints
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South Asia: Imported ferrous scrap market subdued amid cautious buying
China’s stimulus fails to lift scrap prices in Turkiye. No scrap purchases in India due to TMT inventory. South Asia’s ferrous scrap market was subdued today, with cautious buyer sentiment across key markets. In India, offers for shredded scrap were steady but buyers sought lower prices. Pakistan’s market saw limited deals due to a bid-offer…