Author: Reena
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Pakistan: Imported scrap offers up, bids yet to pick up in a sluggish domestic steel market
Imported scrap offers into Pakistan have continued to rise in response to the hike in global scrap prices. However, buyers showed less interest in the higher offers. Meanwhile, some deals were heard to have been concluded at $415-420/t levels. Offers for UK/Europe-origin shredded scrap in containers stand at $425-430/t CFR, increasing sharply by $10-15/t on…