Pakistan: Imported scrap offers rise marginally by $1/t w-o-w

Pakistan’s imported shredded offers from the UK/Europe rose $1/t w-o-w to $393/t CFR Qasim, but market activity stayed muted amid the New Year’s Day holidays. Slow rebar sales and low demand pressured local scrap prices. A 500-t UAE-origin shredded deal was reported at $397/t CFR. Overall, cash flow issues and weak sentiment limited bookings during the week.