Tag: South Asia: Imported ferrous scrap offers drop up to $7/t on sell-side pressure

Today, the South Asian ferrous scrap market experienced a decline as sellers faced pressure amid increased supply in the domestic market, exacerbated by the lack of firm demand from key importing countries such as India, Pakistan, Bangladesh, and Turkiye. As per market sources, US domestic shredded scrap prices have dropped by $30-35/t for March, primarily…