{"id":54953,"date":"2026-01-22T10:49:51","date_gmt":"2026-01-22T04:49:51","guid":{"rendered":"https:\/\/biztrend24.com\/?p=54953"},"modified":"2026-01-22T10:49:51","modified_gmt":"2026-01-22T04:49:51","slug":"south-asia-scrap-markets-show-mixed-trends-amid-selective-buying-offers-remain-firm","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=54953&lang=en","title":{"rendered":"South Asia: Scrap markets show mixed trends amid selective buying, offers remain firm"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Higher freight and costs support global scrap prices<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Limited US bulk scrap availability outside Turkiye<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Imported scrap markets across South Asia and Turkiye showed mixed sentiment, with India improving on firmer prices, Pakistan remaining cautious, Bangladesh largely stable, and Turkiye&#8217;s deep-sea scrap prices rangebound amid weak steel demand despite higher cost pressures.<\/p>\n<p>India: Imported scrap demand in India improved as overseas prices firmed, supporting a more positive market sentiment. Recent deals included HMS 60:40 from Costa Rica at $320\/t CFR, Canadian shredded at $360\/t CFR west coast India, and Brazilian HMS with 2-3% impurities sold near $335\/t CFR. Meanwhile, EU-origin shredded offers have moved above $365\/t, with HMS around $340\/t. However, weak scrap collection in Europe and higher freight costs are keeping offers elevated, making it difficult for Indian buyers to absorb higher price levels.<\/p>\n<p>Pakistan: The imported scrap market in Pakistan remained cautious, with buyers adopting a wait-and-watch approach amid mixed price signals. UK and EU-origin shredded scrap was workable in the range of $370-385\/t. UAE-origin HMS 80:20 was indicated at $360-365\/t, while locally sourced shredded scrap was heard around $383\/t. UAE exports remained largely shut due to pending VAT confirmation.<\/p>\n<p>Pakistani buyers were bidding around $375\/t for EU-origin shredded scrap, against offers of $378-380\/t CFR Qasim. A deal for UAE-origin HMS 80:20 was reported at $355\/t CFR Qasim. In the domestic market, local bala scrap traded at PKR 182,000-183,000\/t. Import offers from the Middle East were heard at $390\/t for shredded, $365\/t for HMS, and around $370\/t for sheared HMS CFR Port Qasim, with rates unchanged.<\/p>\n<p>Bangladesh: Bangladesh&#8217;s scrap imports remained largely stable, with limited changes observed across key origins. Containerised shredded scrap from Australia and New Zealand was indicated at around $365-370\/t, against bids near $360\/t, while HMS 80:20 was offered at $350-355\/t with bids at $340-342\/t. Brazilian HMS with 2-3% impurities was considered workable at $340-345\/t. Japanese H2 and HS prices into Chattogram were mostly unchanged w-o-w, with H2 assessed at $345-346\/t and HS at $370-375\/t, while bids stood lower. Bulk scrap offers from the US were scarce, with the last indication around $370\/t, as most cargoes are currently directed toward Turkiye.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-716751 size-large\" src=\"https:\/\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/01\/image-56-1-1024x352.jpg\" alt=\"\" width=\"1024\" height=\"352\" \/><\/p>\n<p>Turkiye: Deep-sea import scrap prices into Turkiye remained largely stable, with the recent upcycle seen as having peaked. HMS 80:20 traded in a narrow range around $375-377\/t CFR, despite US sellers pushing targets toward $380\/t on weather-related supply constraints. Turkish mills resisted higher levels due to weak downstream rebar demand, cold weather, and limited ability to pass on higher costs. Supportive factors included a stronger euro and rising coking coal prices, but overall sentiment stayed cautious, keeping prices rangebound.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-716765 size-full\" src=\"https:\/\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/01\/image-60-2.jpg\" alt=\"\" width=\"877\" height=\"283\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Higher freight and costs support global scrap prices Limited US bulk scrap availability outside Turkiye&#8230;<\/p>\n","protected":false},"author":1,"featured_media":54954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[313],"tags":[],"class_list":["post-54953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"featured_image_urls":{"full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?v=1769057384",1280,720,false],"thumbnail":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-150x150.jpg?v=1769057384",150,150,true],"medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-300x169.jpg?v=1769057384",300,169,true],"medium_large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-768x432.jpg?v=1769057384",640,360,true],"large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-1024x576.jpg?v=1769057384",640,360,true],"1536x1536":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?v=1769057384",1280,720,false],"2048x2048":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?v=1769057384",1280,720,false],"covernews-slider-full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-1115x715.jpg?v=1769057384",1115,715,true],"covernews-slider-center":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-800x500.jpg?v=1769057384",800,500,true],"covernews-featured":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-1024x576.jpg?v=1769057384",1024,576,true],"covernews-medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-540x340.jpg?v=1769057384",540,340,true],"covernews-medium-square":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705-400x250.jpg?v=1769057384",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-22T104919.705.jpg?v=1769057384","_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/54953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54953"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/54953\/revisions"}],"predecessor-version":[{"id":54955,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/54953\/revisions\/54955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/54954"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}