South Asia: Imported ferrous scrap prices reflect divergent trends
South Asian imported scrap market witnessed a mixed trend in prices. Indian buyers were cautious, as offers for shredded scrap from the EU/UK and US hovered around $395-405/t CFR. In Pakistan, buyers were more conservative, with offers at $410/t CFR. In Bangladesh, buyers preferred bulk over containers due to favourable pricing. There was preference for US and Australian cargoes available at $400-405/t CFR.