{"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 data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-764618 size-full\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/WhatsApp-Image-2026-06-29-at-18.51.17.jpeg?resize=640%2C166&#038;ssl=1\" alt=\"South Asia: Imported scrap buying remains cautious; Turkish mills seek lower prices amid weak rebar demand\" width=\"640\" height=\"166\" \/><\/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 data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-764619 size-full\" src=\"https:\/\/i0.wp.com\/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?resize=640%2C197&#038;ssl=1\" alt=\"South Asia: Imported scrap buying remains cautious; Turkish mills seek lower prices amid weak rebar demand\" width=\"640\" height=\"197\" \/><\/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":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-70070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?fit=1280%2C720&ssl=1?v=1782813408",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?resize=150%2C150&ssl=1?v=1782813408",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?fit=300%2C169&ssl=1?v=1782813408",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?fit=640%2C360&ssl=1?v=1782813408",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?fit=640%2C360&ssl=1?v=1782813408",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?fit=1280%2C720&ssl=1?v=1782813408",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?fit=1280%2C720&ssl=1?v=1782813408",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?resize=1115%2C715&ssl=1?v=1782813408",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?resize=800%2C500&ssl=1?v=1782813408",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?fit=1024%2C576&ssl=1?v=1782813408",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?resize=540%2C340&ssl=1?v=1782813408",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-47-4.jpg?resize=400%2C250&ssl=1?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; 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