Tag: Gadani shipbreaking industry
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Pakistan: Imported scrap buying slows amid Eid holidays; European shredded prices ease $3/t w-o-w
Most Pakistani mills remain shut due to labour shortages during the Eid holidays New ship recycling legislation may strengthen Pakistan’s long-term scrap ecosystem Import ferrous scrap trading activity across Pakistan slowed sharply in the week ending on 26 May as Eid holidays disrupted market operations, while BigMint assessed Europe-origin shredded scrap at around $419/t CFR,…