After a flurry of confirmed deals having concluded earlier this week, imported scrap prices in Pakistan have dropped by around $30 in the new round of trades heard of high sea sales. Trade sources indicated that few deals for containerised Shredded scrap being concluded at $475-480/t CFR Port Qasim. Participants highlighted that with sentiments turning bearish, buyers have kept away from booking material anticipating further decline in the coming week.
Leave a Reply