Tag: Steel Market Weakness South Asia

South Asia: Imported ferrous scrap offers drop by up to $5/t d-o-d amid limited market activity

Nov 14, 2024

—

by

Kanishka Chhabria

in Melting Scrap

Weak euro leads to drop in Turkish prices Indian buyers put off by weak steel demand South Asian and Turkish imported scrap markets saw limited activity today amid market uncertainties and low steel demand. Overall, imported scrap offers dropped by $2-5/tonne (t) across markets. Indian buyers were cautious due to weak domestic steel sentiments and…