Tag: South Asia imported scrap market

  • South Asia: Imported ferrous scrap market remains dull

    South Asia: Imported ferrous scrap market remains dull

    South Asia’s imported scrap market is largely mute in terms of fresh bookings, despite the fall in offers. Limited demand from buyers, the ongoing currency devaluation, and a sluggish Turkey scrap market led to the slow start this week. Meanwhile, in Bangladesh, higher electricity tariffs and limited gas availability for reheating furnaces led to production…