Tag: South Asia: Imported scrap markets remain weak amid currency pressure and subdued demand

Ample domestic supply, cheaper sponge iron cap Indian demand  Bangladesh remains slow amid liquidity challenges, high freights South Asian imported scrap markets remained largely weak d-o-d on 12 May 2026. Sentiment was weighed down by currency volatility, weak finished steel demand, tight liquidity conditions, elevated freight costs, and cautious mill buying, resulting in limited fresh…