Tag: South Asia: India’s imported scrap market faces headwinds amid availability of domestic alternatives

The South Asian ferrous scrap market witnessed sluggish activity across key regions–India, Pakistan, and Bangladesh–amid a convergence of weak steel demand, high freight costs, and seasonal slowdowns. Mills in all three countries showed caution in booking fresh scrap cargoes, weighed down by tight liquidity, thin margins, and the availability of cheaper alternatives like DRI and…