Tag: South Asia: Imported ferrous scrap market sees downtrend on limited buying interest

The South Asian ferrous scrap market experienced a downtrend today, with limited activity across India, Pakistan, and Bangladesh. Indian buyers remained cautious, showing no urgency in procuring imported scrap due to sluggish finished steel sales and expectations of lower offers. In Pakistan, market sluggishness persisted as operations had not fully resumed post-Eid, compounded by the…