Tag: South Asia: Imported scrap market remains slow; India rupee crosses 90
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South Asia: Imported scrap market remains slow; rupee depreciation keeps Indian importers cautious
Slow rebar demand weighs on demand from Bangladesh Turkish prices hold firm amid strong demand from mills South Asia’s imported scrap markets remained subdued on 5 December, with muted demand continuing. India was cautious due to a depreciating rupee, Pakistan was quiet amid reduced mill operating rates, and Bangladesh faced slow rebar sales. However, Turkiye recorded…