Tag: South Asia: Imported ferrous scrap market softens as buyers exercise caution

The South Asian ferrous scrap market witnessed a downward trend with a slight decline of approximately $1/t in offers. In India, buyers exercised caution and the availability of cargoes at lower rates. Meanwhile, in Pakistan, buyers slowed their purchases, opting for a need-basis approach amid anticipation of further drop in offers. Additionally, Turkish imported ferrous…