Tag: South Asia: Imported ferrous scrap market remains slow

Today, the South Asian ferrous scrap market continued to witness sluggishness. Indian buyers were notably scarce in the seaborne market, opting for cheaper domestic alternatives. Similarly, purchases slowed in Pakistan and Bangladesh due to Ramadan. In India, shredded scrap offers remained unchanged, while they increased marginally by $1/t in Pakistan and $2/t in Bangladesh. Bulk…