Tag: South Asia: Imported scrap prices witness mixed trend; Turkish market signals recovery
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South Asia: Imported scrap prices witness mixed trend; Turkish market signals recovery
In South Asia, the ferrous scrap market exhibited mixed signals. In India, demand for imported scrap weakened as buyers opted for cost-competitive domestic alternatives and anticipated further price corrections, leading to discrepancies between bids and offers. Pakistani interest in scrap also dwindled due to a subdued steel market amid rainy weather, though prices saw a…