Tag: South Asia: Imported scrap market subdued; Muharram holidays weigh on trading

Indian mills prefer domestic scrap, sponge iron Weak rebar demand pressures Turkish scrap prices South Asia’s imported scrap markets remained weak on 26 June as cautious buying, the Muharram holidays, and poor import viability weighed on trading. Meanwhile, lower Turkish deep-sea scrap bookings continued to pressure regional pricing and market sentiment. India: The imported ferrous scrap…