INTERV IEW : Asia ferrous scrap still growth market: Jaguar Steel and Coal director

摘要

Singapore—The Asian ferrous scrap market still offers opportunities for growth in 2020, even with a tougher trading environment, according to Akshay Kharbanda, director of regional ferrous scrap trader Jaguar Steel and Coal. The company achieved 2019 sales of 805,000 mt of ferrous scrap, 10% higher for the year. Pakistan took 40% of its total scrap volume within the year, while India took 17%. Both showed gains for the year. Sales to Bangladesh took 19% of the pie, but shrank 38% from 2018. The drop was attributed to stiffer competition as the growing market of Bangladesh started to gain more attention from other regional traders, Akshay said.