Tag: market pressure
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Pakistan: Imported scrap prices hit nearly 5-year low, down $7/t w-o-w; rebar demand slows
UAE-origin material influenced by low EU offers Turkish buyers pressuring down scrap prices In Pakistan, imported shredded scrap from Europe was offered at $374-378/tonne (t) CFR over the past week, with moderate trade inquiries below the $380/t mark. However, as this week began, offers declined further to $372-375/t amid cautious buying and weakening finished steel…