South Asia: Imported ferrous scrap market sees mixed trends

Source: BigMint Mar 26, 2025 08:30

Indian market stable, buyers monitoring safeguard duty impact. Pakistan, Bangladesh markets slow down amid Ramadan lull.

South Asia's imported scrap market saw mixed trends, with buyers largely cautious amid global uncertainties and regional disruptions. India remained stable, tracking Turkish sentiment, while Pakistan's market struggled with liquidity constraints and weak demand. In Bangladesh, Ramadan-driven sluggishness persisted, with buyers favouring nearshore suppliers over UK/Europe-origin scrap. Meanwhile, Turkiye's scrap