Tag: South Asia: Imported ferrous scrap index continues to remain under pressure – 6 Aug’24

The South Asian ferrous scrap index remained under pressure. In India, buyers remained inactive due to a significant gap between offers and bids and a subdued steel market. Pakistan’s buyers showed limited interest in imported scrap, anticipating lower offers due to softening global sentiments. Bangladesh’s steel industry faced disruptions from recent geopolitical turmoil, impacting trade…