Tag: South Asia: Imported scrap markets slow; India demand slows due to monsoon

Strong US dollar keeps Indian buyers cautious Pakistani mills running at 30-40% of capacity South Asia’s imported scrap markets remained sluggish, with weak demand. Heavy rains stalled trades in India and Pakistan, while Bangladesh grappled with a wide bid-offer gap. Turkiye showed stability, with firm deep-sea prices despite muted short-sea interest. India: India’s imported scrap…