Tag: South Asia: Indian imported scrap buyers muted on soft downstream demand
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South Asia: Indian imported scrap buyers muted on soft downstream demand
The South Asian ferrous scrap markets faced a range of challenges. In India, the demand for imported scrap remained low due to sluggish finished steel sales, leading to a continual decline in prices. Pakistani steel mills saw minimal trading activity as uncertainty persisted, which limited scrap procurement. In Bangladesh, the rainy season and increased freight…