Tag: South Asia imported scrap market
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South Asia: Imported ferrous scrap market sees fresh wave of activity
The South Asian scrap market showed mixed trends today. Pakistani mills actively procured imported scrap as mills are running short of inventory and need to restock before monsoon arrives. Surprisingly, Indian mills have also booked fresh material at higher offers. A total of 3,100 t shredded scrap was sold at $515/t and in another deal…