Tag: South Asia: Imported ferrous scrap offers rise by up to $3/t d-o-d following global cues

Today, South Asian ferrous scrap offers saw a slight increase following global cues. However, buying interest remained minimal among key buyers. Indian buyers remained subdued, while Pakistani buyers faced payment delays and weak domestic steel demand. Bangladeshi buyers showed some activity, but preferred container bookings due to delays in letters of credit (LC) approvals. Shredded…