SOUTH ASIA STEEL SCRAP: Markets slump on international downtrend Prices for shredded steel scrap imported into India and Pakistan moved down in the week to Friday March 12 following a correction in the international scrap market, sources have told Fastmarkets. India A deal was heard at $450 per tonne this week, down from a deal level at $455 per tonne the week before. Offers were in the range of $445-455 per tonne this week, down from offers as high as $470 per tonne a week earlier. “It’s a stalemate; nothing is happening. As soon as the market starts a correction, buyers go on hold,” a seller said.