Tag: South Asia: Imported scrap offers sees slight uptick d-o-d but activity muted in India

Indian buyers hit by INR slide, approaching monsoon Rising freight keeps Bangladesh buyers on backfoot South Asia’s imported scrap market remained sluggish, with buying activity dampened by a mix of weak steel demand, rising freight rates, and escalating geopolitical tensions. In India, concerns over regional unrest in the western and northern states, coupled with rupee…