Tag: electricity tariff reduction Pakistan
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Pakistan: Imported scrap prices down $4/t w-o-w; mills expect demand recovery in near term
Local scrap shortage may lift prices, but upside limited Mills eye demand revival as electricity tariff cuts ease cost pressure Pakistan’s imported scrap prices softened w-o-w. Buyers remained cautious, but most buyers managed to secure expected levels. With more interest likely in the coming days, offers at $395-405/t are seeing a selective response. Finished steel…