Tag: South Asia: Imported ferrous scrap offers drop by up to $4/t amid dull buying interest

The lacklustre trend sustained in the South Asian ferrous scrap market due to subdued buying interest across the board. In India, buyers avoided fresh scrap bookings from the seaborne market, because domestically procured material is cheaper. Pakistani buyers continued their cautious approach, booking as per need, while Bangladeshi buyers slowed purchases, anticipating slight corrections in…