South Asian ferrous scrap offers witnessed a slight uptick despite limited buying interest across markets. In India, bid-offer mismatches and festivities put a brake on seaborne scrap activity, though recent steel price hikes hint at a possible rebound in demand. Meanwhile, Pakistan’s imported scrap market showed slight gains amid limited local activity, bolstered by recent […]
BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/t to INR 35,600/t DAP on 4 November 2024.The steel market appeared to be stable in terms of demand, although transportation issues related to the ongoing festival season impacted scrap arrivals. Scrap traders tried to milk this opportunity and raise their offers […]
The South Asian ferrous scrap market held steady d-o-d despite Indian buyers remaining inactive due to the Dhanteras holiday. Pakistani buyers took a cautious approach amid a cooling domestic steel market and the arrival of earlier booked scrap at competitive rates. Meanwhile, Bangladeshi buyers stayed on the sidelines, affected by halted construction activities and a […]
The US ferrous scrap export index has experienced a w-o-w decline, primarily due to weakened demand from Turkiye, which is currently focusing on pushing the imported price down amid cheap availability of European material. Additionally, the falling EU exchange rate is likely to support European suppliers in lowering their offers for Turkiye further impacting the […]