Tag: South Asia: Imported ferrous scrap offers edge down by up to $3/t across market amid limited buying interest

Today, the South Asian ferrous scrap market witnessed a downward trend, primarily due to limited inquiries across markets. Indian market remained subdued, largely due to discrepancies in bids and offers. Similarly, Pakistan and Bangladesh markets slowed their purchases due to challenges in LC approvals and a slowdown in the domestic steel market. Shredded scrap offers…