Tag: budget impact on steel imports
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Pakistan: Imported scrap prices dip $2/t w-o-w on weak demand, monsoon impact
Market cautious amid seasonal, fiscal pressures Steel market stable; mills operating at low capacity Pakistan’s imported shredded scrap offers edged down slightly this week to $370-372/t CFR Qasim, as mills remained cautious amid seasonal slowdowns and uncertainty following recent budget announcements. BigMint assessed European/UK-origin shredded scrap at $372/t CFR Qasim, marking a marginal w-o-w decline…