Tag: Middle East conflict scrap impact
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Pakistan: Imported shredded scrap jumps over $20/t w-o-w as Gulf tensions tighten supply
Import sentiment turns bullish as mills build precautionary stocks Rebar prices rise over PKR 15,000/t ($54/t) in 3-4 days as input costs rise In Pakistan, the imported scrap market turned increasingly active over 3-10 March 2026 as mills moved to secure cargoes amid logistics disruptions in the Gulf following the Iran conflict. EU-origin shredded scrap…