- Pakistan’s ferrous scrap import prices have climbed in the last few deals concluded recently.
- Mills booked around 7,000-8,000 t of UK-origin shredded scrap in containers at $555/t CFR Port Qasim.
- However, fresh offers for UK/EU-origin shredded were quoted at $555-562/t CFR Port Qasim.
- The imported scrap market has witnessed an uptick, as steel mills are actively procuring imported scrap ahead of winter.
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