Tag: South Asia: Imported ferrous scrap offers dip amid lack of buyers’ interest

South Asia’s ferrous scrap market saw a decline today. Indian buyers hesitated due to domestic market volatility and cheaper sponge alternatives. Pakistani, Bangladeshi, and Turkish buyers remained sidelined due to Eid festivities. Shredded scrap offers: India at $417/t CFR Nhava Sheva, Pakistan, and Bangladesh at $421/t CFR Qasim and Chattogram.