Tag: South Asia: Imported ferrous scrap offers drop further by up to $4/t – 12 Aug

The South Asian ferrous scrap market has experienced a downturn, marked by sluggish demand and falling prices across key regions. In India, steel mills have reduced their reliance on imported scrap, opting for sponge iron instead due to weak domestic finished steel sales. In Pakistan, limited interest in seaborne scrap is driven by slow steel…