Tag: South Asia imported scrap prices

  • South Asia: Imported ferrous scrap market at a standstill

    South Asia: Imported ferrous scrap market at a standstill

    South Asian imported scrap market extended silence towards the weekend. Buyers are out of the market due to restrictions on LC openings and liquidity crunch in Bangladesh. Pakistan continues struggling with its political instability and currency devaluation. Currently, Pakistani buyers are in a dilemma whether to wait or book material. Meanwhile, the Indian market closed…