Tag: Karachi steel mills insights
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Pakistan: Imported scrap prices fall $4/t amid prevailing caution in market, slow trade activities
Political instability and protests weigh on steel market Some mills report increased buying activity ahead of winter holidays Imported ferrous scrap offers to Pakistan fell by $4/tonne (t) w-o-w, with BigMint’s weekly assessment indicating that European shredded scrap stood at $382/t CFR Qasim. Some deals were concluded at $371-385/t, and some bids started to arrive…