Tag: South Asia: Imported ferrous scrap prices trend downward on muted demand – 5 Aug’24

The South Asian ferrous scrap index continued to trend downwards. In India, buyers were not interested in imported scrap due to bid-offer disparities, cost-effective local alternatives, and weak steel demand. Pakistan saw limited demand as buyers await price drops amid domestic market slowdowns. Bangladesh is facing political instability, with market activity expected to remain subdued…