Tag: South Asia: Indian buyers distant from seaborne market due to bid-offer gap

The South Asian scrap market experienced significant fluctuations influenced by regional economic and political factors. In India, buyers have remained distant from the seaborne market due to bid-offer disparities, domestic scrap market volatility, and a slowdown in the steel market. The newly announced budget for financial year 2024-2025 (FY24-25) maintained a nil import duty on…