Pakistan: Ferrous scrap imports stable at 0.32 mn t in Apr’21

South Asia’s prominent ferrous scrap importer, Pakistan recorded scrap imports at 0.32 mn t in Apr’21, largely stable as against 0.33 mn t a month ago, as per SteelMint data. However, on a yearly basis, imports rose by 21%. Pakistani mills have remained active in booking imported scrap cargoes on tighter domestic availability. However, imports in June-July’21 may fall slightly as May’21 had lesser number of working days due to Ramadan.