India, Pakistan import steel scrap prices extend losses, but support seen

The recent downtrend in steel scrap import prices in India and Pakistan was extended in the week to Friday May 20, with prices tracking recent losses into key world buyer Turkey, although Turkish buyers have lately resumed buying at fractionally higher prices that may support Asian markets in the near term, according to trade sources.

Prices for shredded steel scrap have been dropping persistently in recent weeks as Turkish prices led the way, although heavy melting scrap prices have dropped at a lesser pace due...


Declan Conway

May 20, 2022

15:21 GMT