{"id":70070,"date":"2026-06-30T15:56:54","date_gmt":"2026-06-30T09:56:54","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70070"},"modified":"2026-06-30T15:56:54","modified_gmt":"2026-06-30T09:56:54","slug":"south-asia-imported-scrap-buying-remains-cautious-turkish-mills-seek-lower-prices-amid-weak-rebar-demand","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70070&lang=en","title":{"rendered":"South Asia: Imported scrap buying remains cautious; Turkish mills seek lower prices amid weak rebar demand"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Indian buying stays subdued amid poor import viability<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Pakistan, Bangladesh remain muted post Muhurram holidays<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>South Asian imported ferrous scrap markets remained subdued on 29 June, as weak steel demand, poor import viability, and cautious mill procurement continued to limit buying activity. In Turkiye, deep-sea scrap prices remained under pressure amid weak rebar demand, poor mill margins, and bearish market sentiment.<\/p>\n<p>India:\u00a0The imported ferrous scrap market remained subdued on 29 June as mills continued need-based procurement amid weak steel demand, poor import viability, and a weak rupee. According to a trader, &#8220;stagnant downstream demand and the weak rupee have discouraged fresh import bookings, limiting buying activity.&#8221; Offer indications were heard at $325-330\/t CFR for UK-origin HMS 80:20, $380-385\/t CFR for UK-origin shredded scrap, $330-335\/t CFR for Africa-origin HMS 80:20, and $295-305\/t CFR for MS turnings.<\/p>\n<p>A deal for US-origin turnings was reported at $310\/t CFR Nhava Sheva, with 2% off-grade and moisture (O&amp;M) allowance. Market sentiment remained cautious, with containerised shredded scrap prices largely unchanged despite persistently weak buying interest.<\/p>\n<p>Pakistan:\u00a0The imported shredded scrap market remained under pressure, with a UK\/EU-origin shredded scrap deal concluded at $402\/t CFR Qasim, while fresh offers were heard around $405\/t CFR. Trading remained muted during the Muharram holiday, but with the market reopening today, participants expect clearer price direction and buying activity over the coming sessions.<\/p>\n<p>Bangladesh:\u00a0The imported scrap market remained under pressure as weak sentiment kept buying activity limited, with buyers continuing to target lower workable levels. A Brazil-origin containerised HMS 80:20 offer at $365\/t CFR Chittagong, while UK-origin HMS 80:20 was offered at around $365\/t CFR and UK-origin shredded scrap at $405\/t CFR. Bid, however, were below these offer levels, and trading was further subdued due to the Muharram holiday.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-764618 size-full\" src=\"https:\/\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/WhatsApp-Image-2026-06-29-at-18.51.17.jpeg\" alt=\"South Asia: Imported scrap buying remains cautious; Turkish mills seek lower prices amid weak rebar demand\" width=\"982\" height=\"254\" \/><\/p>\n<p>Turkiye:\u00a0Deep-sea imported scrap prices remained under pressure on 29 June as weak rebar demand and poor mill margins kept Turkish mills cautious. Workable levels were heard at $370-375\/t CFR for Europe- and Baltic-origin HMS 80:20 and up to $380\/t CFR for US-origin material, while lower-priced EU-origin deals reinforced bearish sentiment. With US and Baltic suppliers largely adopting a wait-and-watch approach, participants continued to expect further downside amid the seasonal slowdown in trading.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-764619 size-full\" src=\"https:\/\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/WhatsApp-Image-2026-06-29-at-18.51.16-1.jpeg\" alt=\"South Asia: Imported scrap buying remains cautious; Turkish mills seek lower prices amid weak rebar demand\" width=\"768\" height=\"236\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian buying stays subdued amid poor import viability Pakistan, Bangladesh remain muted post Muhurram holidays&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70071,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[313],"tags":[],"class_list":["post-70070","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\/06\/Untitled-design-47-4.jpg?v=1782813408",1280,720,false],"thumbnail":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-150x150.jpg?v=1782813408",150,150,true],"medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-300x169.jpg?v=1782813408",300,169,true],"medium_large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-768x432.jpg?v=1782813408",640,360,true],"large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-1024x576.jpg?v=1782813408",640,360,true],"1536x1536":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?v=1782813408",1280,720,false],"2048x2048":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?v=1782813408",1280,720,false],"covernews-slider-full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-1115x715.jpg?v=1782813408",1115,715,true],"covernews-slider-center":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-800x500.jpg?v=1782813408",800,500,true],"covernews-featured":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-1024x576.jpg?v=1782813408",1024,576,true],"covernews-medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-540x340.jpg?v=1782813408",540,340,true],"covernews-medium-square":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4-400x250.jpg?v=1782813408",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\/06\/Untitled-design-47-4.jpg?v=1782813408","_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70070","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=70070"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70070\/revisions"}],"predecessor-version":[{"id":70072,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70070\/revisions\/70072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/70071"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}