Asian Scrap Market Stalls Amid US–Iran Geopolitical Tensions

Post Views: 125 Asian scrap market Asian Scrap Market Stalls Amid Geopolitical Tensions The Asian scrap market faces a slowdown due to escalating US–Iran conflict. Buyers and sellers are cautious amid rising costs and uncertainty. Spot trading activity in Asia decreased this week as steelmakers assessed the conflict’s impact on raw materials and finished steel sales. Many participants paused trading due to tight vessel availability, rising freight costs, volatile exchange rates, and unclear steel price trends. Japanese scrap sellers increased domestic collection prices to retain material...