India, Pakistan steel scrap buyers successful in pushing lower bids

Indian and Pakistani steel scrap importers have successfully pulled prices from Western suppliers further down this week, extending cuts from the week before, in line with a persistently weaker scrap market into key world buyer Turkey, according to trade sources.

Asian scrap importers have tracked cheaper Turkish prices and have been bidding lower for material, and further price drops into the Indian subcontinent are expected unless Turkish steel mills start...


Declan Conway

May 13, 2022

15:58 GMT