- Major recyclers have raised offers after a few deals were concluded recently in Pakistan amidst improved demand and resistance to further downside.
- Deals for 5,000 t of UK-origin shredded scrap were confirmed by SteelMint in the last two days at around $520-525/t CFR Port Qasim.
- Current offers from major yards are at $530-535/t CFR.
- SteelMint’s bi-weekly assessment for shredded scrap of UK/EU-origin stands at $525/t CFR Port Qasim, up $3/t compared to the beginning of this week.
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