Pakistan: Ferrous scrap market subdued on scheduled Eid holidays

Pakistan’s ferrous scrap import prices remain unchanged since the beginning of this week, as per SteelMint assessment. No trade activities were observed owing to Eid and full-fledged market activity is expected to recommence next week.

• SteelMint’s bi-weekly price assessment for containerised shredded scrap is at $545-550/t CFR Port Qasim, stable against the previous assessment on 20 Jul’21.
• Market sentiments were negative this week but it is expected that sentiments will pick up post Eid holidays.