Tag: South Asian ferrous scrap index witnesses further downtrend on muted demand

The South Asian ferrous scrap index showed a further downtrend d-o-d. In India, buyers showed no interest in imported scrap due to price discrepancies. Pakistan faced limited demand amid payment issues and market downturns. Bangladesh saw no firm offers or bids due to political unrest. Meanwhile, Turkiye’s scrap offers remained unchanged, influenced by cheaper Chinese…