Author: Reena
-
Pakistan: Imported scrap prices hit 6-month high, trade remains absent
Imported scrap prices have skyrocketed to a six-month high in Pakistan. However, market sentiment remained bearish. Imported scrap prices have increased significantly by around $30/t in the last one month (February) amid active buying by Turkish steel mills, resulting in a six-month high price level. SteelMint’s assessment for imported shredded scrap in containers is $485-490/t CFR,…