Imported scrap markets remain subdued as weaker buying interest from India continues to weigh on global trade flows and pricing sentiment.
Market participants say Indian import demand for ferrous and non-ferrous scrap has softened amid cautious purchasing by mills and recyclers, slower order bookings from downstream industries, and ongoing volatility in finished metal prices. As one of the world’s major scrap-consuming markets, India’s reduced activity is having a noticeable impact on international suppliers.
Exporters in key sourcing regions are reportedly facing slower deal closures and pressure to offer more competitive pricing in order to attract buyers. Freight costs, currency movements, and uncertain domestic demand in importing markets have also contributed to the cautious tone.
Industry analysts note that Indian buyers are increasingly purchasing hand-to-mouth, preferring smaller volumes and short-term commitments until clearer price direction emerges.
Traders expect imported scrap markets to remain under pressure in the near term unless Indian steel production, secondary metal demand, or broader manufacturing activity shows stronger recovery.