Pakistan’s imported scrap market was shut for Eid, with inquiries likely to pick up by mid-week or early next week. Buying interest for shredded scrap was at $385-390/t CFR, while UK/EU offers were $395-400/t and UAE-origin at $400-405/t. Domestic scrap was assessed at PKR 142,000-143,000/t ($508-511/t), with mill purchases lower at PKR 140,000-142,000/t ($500-508/t). Domestic rebar and billet prices remained steady.
Pakistan: Imported scrap prices up $3/t w-o-w; Eid holidays slow down inquiries
BILLET PRICE Domestic rebar price Domestic scrap price Eid break inquiries pick up mill purchases Pakistan imported scrap market Pakistan: Imported scrap prices up $3/t w-o-w; Eid holidays slow down inquiries scrap market trends shredded scrap price steel prices Pakistan UAE-origin scrap UK/EU scrap offers
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