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South Asia: Imported scrap market continues to remain sluggish

South Asian imported scrap market saw slow demand towards the week end. Production cuts, surged electricity rates and increased input costs weighed on imported scrap dema...

Melting Scrap

BigMint Bureau

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4 Nov 2022, 19:07 IST

South Asia: Imported scrap market continues to remain sluggish

South Asian imported scrap market saw slow demand towards the week end. Production cuts, surged electricity rates and increased input costs weighed on imported scrap demand, sources said. Bangladeshi buyers have retreated from closing transactions because of LC opening issues.