Pakistan: Imported scrap prices up on active deals

  • Seaborne ferrous scrap importer Pakistan has raised offers after a few deals were concluded recently amidst improved demand and limited availability.
  • Deals for around 5,000 t of UK-origin shredded scrap were confirmed by SteelMint at around $525-535/t CFR Port Qasim.
  • SteelMint’s bi-weekly assessment for shredded scrap of UK/EU-origin stands at $530-535/t CFR Port Qasim, up $10-15/t compared to the beginning of this week.

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