Tag: EU scrap restrictions
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Pakistan: Cautious mill buying keeps scrap prices under pressure; EU curbs add future risks
Weak finished-steel demand limits scrap procurement Market participants expect scrap prices to recover in early October Pakistan’s ferrous scrap market remained subdued during the week ending on 29 September, with weak finished steel demand and cautious mill buying limiting import activity. Buyers continued to resist higher prices, although firm overseas offers and recent transactions kept…