Tag: South Asia imported scrap market
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South Asia: Imported ferrous scrap market softens amid muted activity
The scrap market in South Asia remained silent at the start of the week due to the bid-offer discrepancy. Also, the currency devaluation adversely impacted the Pakistan market. Bangladeshi mills have booked two bulk cargoes from US-based suppliers last weekend as offers fell further. The cargoes comprised a mix of HMS 1&2 (80:20) booked at…