Tag: South Asia: Imported ferrous scrap offers rise further by up to $5/t d-o-d

Today, the South Asian ferrous scrap market again exhibited an upward trend. Indian buyers remained inactive in the seaborne market, while Pakistani buyers reduced their purchases, and Bangladeshi buyers faced challenges in opening letters of credit (LCs). Shredded scrap offers increased by $5/t in India, $3/t in Pakistan, and $1/t in Bangladesh. Additionally, US bulk…