Pakistani mills continue imported scrap bookings at increased prices

Around 6,000t of Shredded 211 scrap was booked in last 2-3 days between $289-292/t CFR Qasim from UK/Europe, with latest bookings today being reported at $292/t CFR. Fresh-offers for Shredded reported at $293-294/t CFR from UK and $290/t CFR from Europe. After active bookings till today, resistance from buyers was observed today, against further rise in offers given slow finished steel sentiments.


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