Tag: South Asia: Import scrap demand slows amid higher freight rates and price resistance

Hormuz vessel sinking raises concerns over Pakistan’s scrap supply Turkish scrap prices soften as mills delay fresh purchases South Asian ferrous scrap markets remained under pressure d-o-d on 16 October 2026 amid weak steel demand, cautious mill procurement and cheaper domestic alternatives. Indian buyers stayed largely on the sidelines, while Bangladeshi mills resisted higher offers.…