Tag: South Asia ferrous scrap
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South Asia: Imported ferrous scrap market stable d-o-d amid lack of buying interest
The South Asian ferrous scrap market remained largely stable d-o-d. Indian buyers showed disinterest due to a slowdown in the domestic steel market and prevailing bid-offer disparity. Buyers in Pakistan and Bangladesh are in a holiday mood ahead of Eid. Shredded scrap offers from the UK/Europe: India: $415-420/t CFR. Pakistan: $420-425/t CFR. Bangladesh: $425-430/t CFR.