Tag: Eid holidays impact
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Pakistan: Imported scrap prices up $5/t w-o-w; domestic material in short supply
Local scrap-to-rebar spread narrows to below PKR 95,000/t Limited LC approvals may hinder post-Eid scrap bookings Pakistan’s imported scrap offers rose to $395-400/t, with some deals heard concluded at $382-392/t in the last seven days. BigMint‘s assessment for European/UK-origin shredded scrap stood at $393/tonne (t) CFR Qasim, up by $5/t w-o-w. Rebar prices are hovering…