Tag: South Asia: Imported ferrous scrap offers rise $2-4/t d-o-d as sellers adopt firm stance

Today, South Asian ferrous scrap offers saw a modest uptick, largely due to the firm stance adopted by sellers. However, substantial demand from major importing countries is yet to materialize. In India, sluggish demand for imported scrap persisted, with buyers remaining hesitant due to uncertainties in price trends compounded by impending elections. Pakistan’s market continued…