Tag: South Asian imported ferrous scrap index witnesses a drop on lack of buying interest-13 Aug

The South Asian ferrous scrap index fell today by up $10/t d-o-d. In India, buyers remained cautious, favoring local scrap due to high import prices and sluggish steel demand. Pakistan’s demand for imported scrap was limited, with buyers holding off in anticipation of lower prices. In Bangladesh, political instability dampened interest, although a recovery is…