Tag: Pakistan hold back

Imported scrap market in South Asia drifts into lull as India, Pakistan hold back

Aug 19, 2025

—

by

Adarsh Ramteke

in Melting Scrap

Indian buyers resist offers, scrap demand stays weak Turkiye steady as mills resist higher scrap prices South Asia’s imported scrap markets stayed sluggish, with India sidelined, Pakistan facing weak demand despite $380/t shredded, and Bangladesh subdued due rain and low steel sales. Turkiye held sideways at $345-348/t CFR amid muted rebar demand. Market overview India:…