Tag: South Asia imported scrap market
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South Asia: Ferrous scrap offers move north, trade remains slow
The imported ferrous scrap market in South Asia exhibited a moderate response with offers moving northward d-o-d. Trades for the Indian ferrous scrap market were absent as previous bulk arrivals kept buyers away from making fresh bookings. The domestic market remained unsupportive but some deals were concluded at a price range of $440-445/t for materials…