India steel scrap buys slow ahead of financial year-end; Pakistan trade still hampered by financing issues

Containerized steel scrap imports to India remained slow this past week amid poor demand for rebar and the approaching end of the financial year, as well as the perception that international prices could correct downward in the coming weeks, Fastmarkets heard.

Buyers in Pakistan, meanwhile, remained hampered by financing difficulties related to a lack of foreign currency as well as very low rebar demand domestically.

Offer levels for shredded...


Ross Yeo

March 24, 2023

19:40 GMT