Tag: outlook bearish

Mill procurement stalls, liquidity issues keep buyers cautious Mills operating at 35-40% capacity amid weak rebar demand Pakistan’s imported scrap prices remained stable w-o-w amid limited inquiries. EU/UK shredded scrap hovered within $365-370/t CFR Qasim, with UAE material slightly higher at $385-388/t amid limited deals. Mills operated at 35-40% capacity, with weak steel demand and falling…