Alibaba | Chuangcai Group | Caiju International Trade | Longjian Board Industry

language
- English
- 中文

Home page

South Asian imports of scrap steel remain cautious, but Pakistan continues to show buying interest.

Category: Blog

Time:2026-05-19

Market sources report that on May 18, 2026, the imported scrap steel market in South Asia and Turkey remained subdued amid weak steel demand, cautious purchasing sentiment, exchange-rate pressures, and elevated price quotations, with most steelmakers limiting purchases to immediate needs.

　　Market sources report that on May 18, 2026, the South Asian and Turkish scrap steel import market remained subdued amid weak steel demand, cautious purchasing sentiment, exchange-rate pressures, and elevated price quotations, with steelmakers largely limiting purchases to immediate needs.

　　India’s scrap import market has weakened for several days in a row, with purchasing interest remaining subdued due to sluggish downstream steel demand and significant exchange-rate pressures. Market sources report that Indian buyers are willing to pay USD 355–360 per ton CFR Chennai for manually loaded HMS, while most suppliers continue to hold firm at around USD 380 per ton CFR, resulting in limited new transaction activity. Malaysian‑origin HMS 80:20 was traded at approximately USD 350 per ton CFR Chennai for about 500 tons, and Sri Lankan‑origin HMS 80:20 also found buyers at a similar level for 200 tons. Singapore‑origin HMS 80:20 is quoted at USD 370 per ton CFR Chennai, Costa Rican‑origin HMS 60:40 at USD 345–350 per ton CFR, and Brazilian‑origin HMS 80:20 at USD 380–385 per ton CFR. The continued weakness of the rupee is further rendering scrap imports increasingly unviable for Indian buyers.

　　The Pakistani scrap import market has remained sluggish in recent days, with cautious purchasing sentiment and a weak market environment continuing to curb trading activity. Containerized shredded scrap is quoted at USD 420–425 per tonne CFR Port Qasim, while offers remain at the lower end of USD 415 per tonne CFR. Pakistan has also reportedly been purchasing Malaysian-origin HMS 80:20 at around USD 380 per tonne CFR.

　　The Bangladeshi imported scrap steel market has remained sluggish in recent days, with UK‑origin shredded scrap quoted at USD 415–416 per tonne CFR, while Hong Kong‑origin HMS 1 and PNS are priced at USD 410 per tonne CFR and USD 425 per tonne CFR, respectively. Australian‑origin HMS 1 is quoted at around USD 412 per tonne CFR.

　　On May 18, Turkey’s deep-sea imported scrap steel market remained broadly stable; however, sluggish domestic rebar sales and weak downstream steel demand kept trading activity subdued. Market participants noted that traders are exercising caution ahead of the Eid al-Adha holiday and are reluctant to build up inventories amid a tepid market environment. Turkish steelmakers continue to face pressure from persistently high input costs, and despite expectations of a seasonal rebound in consumption in May, rebar demand has yet to improve. Bidder interest remains limited for offers above $410 per tonne CFR, though reports indicate that mills still require additional June‑delivery cargoes before the holiday.

Keywords: South Asian imports of scrap steel remain cautious, but Pakistan continues to show buying interest.

Related Information

Submit

+86-18654318088

mike@chuangcaigroup.com

+86-532-57752682

Share your needs with us and get impressive cooperation and reliable products.

国际站建设：中企动力淄博外贸Google推广

WhatsApp：8618654318088

E-mail：wanglei@chuangcaigroup.com

Tel：+86-532-57752682

South Asian imports of scrap steel remain cautious, but Pakistan continues to show buying interest.

Related Information

Company News

South Asian imports of scrap steel remain cautious, but Pakistan continues to show buying interest.

Hilton’s “Lightning Meeting”: A Prelude to Collaboration Before the Coffee Has Even Cooled

Warmly celebrate the successful inspection of all sample orders from African customers of Chuangcai Group Co., Ltd.

Chuangcai Group Helps Clients Establish a Strong Footprint in Albania

Warmly celebrate Changcai Company’s successful participation in UzBuild 2026 in Uzbekistan!

Chuangcai’s latest news: Trump puts further pressure on Iran, and coke prices see their first round of increase.

We warmly welcome UAE customers to visit our color-coated and galvanized steel plants.

Warmly celebrate that our Nepalese customer has successfully passed the inspection of all company products.

Chuangcai Group Co., Ltd. launches bright-finish galvanized steel sheets, leading the industry with advanced technology and superior quality.

Warm Celebration of the First Perfect Cooperation between Chuangcai Group Co., Ltd. and Azerbaijani Customers

Warmly celebrate the great success of Chuangcai Group Co., Ltd. at the Dubai exhibition.

Morning reading: The "14th Five-Year" Plan proposal clearly outlines the development direction and opportunities for the steel industry.

Special Meeting on Creative Color Group Corporation's Strategy for Managing Risks in the Indian Market

Warmly celebrate Chuangcai Group Co., Ltd.'s successful participation in Alibaba International's "Heroes Contest, Billion Battle to Fame" high-quality customer negotiation training.

Morning Reading: Iron ore prices rise above $105, first round of coke price reductions implemented

Warmly celebrate Shandong Longjian Board Industry Co., Ltd. for successfully passing the ISO9001 certification

Internal Company International Business Knowledge Collision: Wisdom Integration, Expanding Global Perspectives Together

Two groups of Indian clients visited the factory, securing 3.000 tons of new orders

What industries use galvanized steel sheets? What types are there?

What are the main applications of galvanized materials?

How to distinguish between galvanized sheet and cold-rolled sheet

The difference between galvanized steel sheet and cold-rolled steel sheet

Industry News

India’s scrap steel purchases have plummeted, weighed down by shrinking demand for finished steel products, labor shortages, and the depreciation of the rupee.

East Asian scrap steel prices remained steady week-on-week, as the market awaits guidance from the outcome of the Kanto tender.

Global scrap steel prices rose by 10% in April, while European markets remained stable.

Bengal’s demand for imported scrap steel has slowed, with local price advantages suppressing imports.

Democratic Republic of the Congo Establishes Mining Security Force, Allocates $100 Million to Strengthen Supply Chain Security

Brazil Rejects Proposal to Establish a State-Owned Critical Minerals Company, Stalling U.S. Agreement

Pakistan Extends Anti-Dumping Duty on Chinese Steel Billets for Another Five Years at a Rate of 24.04%

Bangladesh Resumes Scrap Steel Purchases from South Korea

Canada’s First Quantum Minerals Partners with Hitachi to Deploy the World’s First Fully Electric Mining Truck at a Zambian Mine

Brazilian Mining Association: Mining Revenue Up 6% Year-on-Year in the First Quarter

2026 Statistics: South Africa’s February Mining Output Up 9.7% Year on Year

Egypt Imposes Safeguard Duty on Imported Steel Billets for a Period of Two and a Half Years

Sea freight rates for iron ore are diverging, with rates on the Pacific route strengthening and those on the Atlantic route weakening.

Ceasefire unlikely to ease Iran’s tight steel supply; semi-finished product prices may remain high.

Ukraine’s iron ore exports fell 33.9% year on year in the first quarter, primarily to China, Slovakia, and Poland.

Increased Chinese Purchases Drive March Global Iron Ore Exports Higher Month-on-Month

Ukrainian Railways’ scrap steel sales surged 220% in the first quarter, poised to set a new annual record.

Australia Bars Hong Kong Investor Yingde from Exercising Voting Rights in Northern Mining, Tightens Controls on Foreign Ownership of Critical Minerals

Uzbek Metallurgical Combine Plans to Procure 300,000 Tons of Iron Ore from Tajikistan

Attacks on Several Core Iranian Steel Mills May Further Heighten Uncertainty in the Middle East Steel Supply Chain

Global scrap steel prices rose across the board in mid-March, led by Turkey and the United States.

February Export Shipments from South Africa’s Saldanha Bay and Richards Bay Decline Month-on-Month for Both Ports

Strong Japanese demand combined with rising costs of alternative raw materials has driven Vietnamese imported scrap steel prices higher for the fourth consecutive week.

Rising freight rates and cautious procurement are putting pressure on the global scrap steel export market.

Vale and Anglo American to Shift Iron Ore Shipments from the Middle East to Asia

Kyrgyzstan Extends Ban on Export of Ferrous Metal Scrap for Another Six Months

Iron ore prices remain volatile at high levels, with Chinese port inventories surpassing 179 million tonnes.

South Asia: Divergent Trends in the Scrap Import Market, with Indian Buyers Becoming More Cautious

Tight supply coupled with the Middle East conflict has driven up freight rates, causing Brazilian slab prices to rise.

The blockade of the Strait of Hormuz is disrupting iron ore trade, forcing cargo ships to seek new destinations.

The situation in the Strait of Hormuz has prompted several iron ore vessels bound for the Middle East to reroute to China.

The export market price for Brazilian billets continues to rise. In February of this year, iron ore exports surged 12.5% year-on-year, with the average price climbing to US$73.4 per tonne.

Energy prices are soaring and freight rates are rising, while iron ore prices continue to climb.

Tensions in the Gulf have driven up the UAE’s domestic scrap steel index, while exports have slowed due to logistical uncertainties.

Soaring freight rates and the Gulf conflict have driven up Bangladesh's scrap steel import prices, while the Baltic Dry Index continues to rise.

Post-holiday restocking in China, coupled with geopolitical risks, has led to a general week-on-week increase in seaborne iron ore freight rates.

The Iran conflict is driving up freight rates, while declining shipment volumes are supporting higher iron ore prices.

Global scrap steel export prices remained stable on a weekly basis, and cautious buying activity continues to keep the market in a volatile pattern.

Japan's scrap steel export market prices remained broadly stable.

Turkey's scrap steel import market prices remain stable.

India and Brazil sign mining agreement; bilateral trade targets over $20 billion within five years.

The South African Mining Council recommends drawing on Finland’s mineral processing model to promote value addition in the mining sector and upgrade industrial structures.

Latest Developments in India’s Iron Scale Market in 2026: Prices Show Strong Momentum

The South African Mining Qualifications Authority will hold a Mining Skills Conference in late February to celebrate its 30th anniversary.

A storm is approaching Australia’s Pilbara region, prompting the closure of liquefied natural gas and iron ore ports.

South Africa and China Sign Framework Agreement on Trade and Investment

China's steel company, Baowu Resources, has acquired a controlling stake in the consortium for the Simandou iron ore project in Guinea.

Import prices for rebar and billets from the UAE remain stable.

Global imports of scrap steel saw a slight rebound, while costs in Turkey rose and pressure on India intensified.

Chuangcai’s Interpretation: The Fed’s Future Policy Direction Still Holds Uncertainty—A Brief Analysis of “Interest Rate Cuts, Balance Sheet Reduction, and a Stable U.S. Dollar”

The global precious metals market plunges; China’s Hubei steel mills conduct winter stockpiling surveys.

Chuangcai Latest News: Supply Increase and Demand Decrease for China's Five Major Steel Products, Chief Outlook on February Steel Prices

China Iron and Steel Association: Production Status of Plate and Strip Products from Key Statistical Enterprises as of December 2025

ChuangCai Consulting: Global crude steel production is projected to reach 1849 million tons in 2025, with a general rise in international commodity prices.