Tag: South Asia: Scrap buyers remain cautious; Eid holidays and freight pressure weigh on activity

Weakening rupee, Middle East conflict keep Indian buyers cautious  Rising freights slow Turkish billet imports, limiting scrap alternatives South Asia’s imported scrap markets remained cautious on 20 March. The Indian market was subdued as the rupee continued to depreciate, lifting landed costs of imports. Pakistan and Bangladesh markets also slowed as Eid arrived, Bangladesh under…