Tag: South Asia: Imported ferrous scrap offers drop by up to $3/t d-o-d

The South Asian ferrous scrap market dropped by $2-3/t d-o-d. Indian buyers showed little interest in imported scrap due to slow steel sales and bid-offer disparities, despite tight domestic supply. Eid holidays in Pakistan, Bangladesh, and Turkiye halted firm offers or bids. Shredded scrap offers from the UK/Europe were: India: $417/t CFR Nhava Sheva Pakistan:…