Ferrous scrap import prices into Pakistan have moved up slightly compared with the beginning of this week, as per SteelMint reports.
- Deals for 7,000 t of containerised shredded scrap were reported at $543-548/t CFR Port Qasim.
- The Pakistan market is active in buying ferrous scrap ahead of the Eid holidays, which has resulted in a hike in prices.
- SteelMint’s bi-weekly price assessment for containerised shredded scrap stands at $545/t CFR Port Qasim, up by $2/t against the beginning of this week. Offers, however, are cited at $545-550/t CFR.
- UAE-origin HMS 1 prices have increased on active buying and are currently being quoted at $500-505/t CFR Qasim.
- Demand for Middle East-origin HMS has increased since the last 10 days, with buyers having procured around 15,000-20,000 t of late.
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