Tag: currency depreciation Pakistan

Mills running at low 35-40% capacity utilisation rates Currency weakness, inflation raise production costs Pakistan’s imported shredded scrap prices held steady w-o-w at $355-356/t CFR, with European/UK-origin shredded assessed at $355/t CFR Qasim and recent deals concluded near $355-358/t. UAE-origin scrap also stayed firm, with HMS at $340/t, sheared HMS at $345-348/t, and fabrication scrap…