Tag: South Asia: Imported ferrous scrap demand weakens as mills stay defensive

Pakistan mills remain cautious on fresh bookings Turkiye billet cuts pressure scrap market sentiment South Asia imported ferrous scrap markets remained subdued on 12 June, with weak steel demand, currency pressure, and wide bid-offer gaps limiting buying activity across India, Pakistan, and Bangladesh. Meanwhile, Turkiye’s deep-sea scrap market softened amid lower rebar prices and cautious…