Pakistan: Imported scrap prices inch down in latest deals

  • Around 1,000 t of UK/EU-origin shredded scrap was booked at $555/t CFR Qasim.
  • SteelMint’s assessment for shredded scrap imports into Pakistan stands at $555-560/t CFR, lower by $3-5/t against the end of last week.
  • Mills have been booking scrap actively for the year-end period due to the possibility of prices rising during winter on shortage in scrap collection.

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