Tag: local steel prices strengthen

Higher power, logistics costs continue to pressure conversion margins Bid-offer gaps persist, limiting deal closures despite firmer sentiment Imported shredded scrap offers into Pakistan improved by $4-5/t w-o-w to around $378-380/t CFR Qasim, as assessed on 27 January. The EU-origin shredded scrap assessment stood at $376/t CFR Qasim, up by $1/t w-o-w. However, workable levels…