South Asia: Imported ferrous scrap offers drop on muted demand across markets

Source: BigMint Dec 04, 2024 10:00

South Asian scrap demand weak amid sluggish steel sales, financial strain. Turkish scrap prices fall further; mills cautious on future trends.

The South Asian ferrous scrap market continued to experience a challenging environment, with weak demand and financial pressures affecting key countries. In India, sluggish domestic steel sales, high inventory levels, and relatively better availability of domestic scrap have kept demand for imported scrap subdued. Pakistan's market remained quiet, with buyers