Tag: South Asia: Imported ferrous scrap market slow d-o-d uncertain outlook prevails on bid-offer disparities

Today, the South Asian ferrous scrap market continued to exhibit sluggishness, with Indian buyers proceeding cautiously amidst bid-offer disparities. In Pakistan, the presence of cost-effective domestic scrap and sluggish finished steel sales have constrained buyer activity. Meanwhile, Bangladeshi buyers leaned towards bulk vessel purchases over containers, maintaining a steady preference. Notably, shredded scrap offers saw…