Tag: South Asia: Indian buyers steer clear of scrap imports amid cost-effective local supply
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South Asia: Indian buyers steer clear of scrap imports amid cost-effective local supply
The South Asian imported scrap market showed mixed trends across India, Pakistan, and Bangladesh. In India, mills were reluctant to import scrap due to the availability of cheaper domestic material and uncertainty in price trends. Pakistan’s scrap consumption, meanwhile, was dampened by slow domestic steel sales, which have exacerbated because of the off-season and diminishing…