Pakistan: Imported scrap prices inch down in latest deals

  • 1,000 t of UK/EU-origin containerised shredded scrap was booked by a Pakistani steel mill at $562/t CFR Qasim. SteelMint’s assessment for shredded scrap stands at $562/t, lower by $4/t w-o-w
  • Major recyclers are holding offers firm at $565-570/t CFR.
  • Mills are actively booking scrap for Dec’21 shipments as prices might move upwards during winter due to shortage of scrap collection.

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