Tag: South Asia: Imported ferrous scrap offers downtrend in slow trade

The South Asian ferrous scrap market saw a predominantly downward trend. Indian buyers remained inactive due to price differences, while Pakistani slowed down ahead of the elections on 8 February. Bangladeshi buyers were relatively active, although today’s pace was slower. Shredded scrap offers decreased by $1-4/tonne (t) in India and Pakistan, while rising by $1/t…