South Asian Imported Scrap Market Stays Muted

India: Weak Festive Demand

Indian mills are buying cautiously amid the festive-season slowdown. Scrap demand from secondary steelmakers remains soft, limiting import bookings.

Regional Trends

• Pakistan & Bangladesh: Limited trades as buyers wait for clearer price direction.

• India: Festive holidays + high inventories = muted sentiment.

• Turkey Contrast: Turkish scrap demand is firmer, keeping global offers from falling sharply.
  
  

Pricing Sentiment

Imported scrap offers in South Asia remain under pressure, with buyers negotiating aggressively or postponing deals. Suppliers are cautious about cutting deeper, watching Turkish demand as a benchmark.

Outlook

Short-term outlook stays subdued until Indian demand picks up post-festive season. Any rebound hinges on construction activity resuming and mills stepping up restocking.