Pakistan: Bulk ferrous scrap import prices fall further by $40/t

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Pakistan’s mills are showing increased demand for bulk scrap cargoes after a drop in bulk freight rates and global offers, as per sources.
Bulk shredded scrap of UK/ Europe origin stood at $440/t CFR, down significantly by $40/t in the last two days.
Earlier this week, a cargo comprising 35,000 t of shredded material was booked at $475-480/t CFR Qasim basis.

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