Pakistan: Imported shredded scrap prices up on active bookings

  • Ferrous scrap import prices into Pakistan have edged up since a few were deals finalised recently, as per sources. Prices have increased by $5-10/t against last week.
  • Mills have booked around 10,000 t of containerised shredded scrap from UK at $538-540/t CFR Port Qasim.
  • Pakistani buyers are actively importing scrap due to tight availability of domestic material.

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