South Asia: Imported scrap market slows ahead of Eid, sentiment weakens in Turkiye

Source: BigMint Jun 06, 2025 08:30

Turkiye scrap dips on weak demand, high supply. Eid holidays, weak demand hit scrap trade in Pakistan.

The South Asian imported scrap market remained sluggish amid holidays, weak steel demand, and rising freight rates. Trade activity was limited across India, Pakistan, and Bangladesh, while Turkiye saw softer prices and cautious buying amid strong material availability and negative sentiment. Market overview India: The imported scrap market in India remained under