Tag: Pakistan domestic market
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Pakistan: Imported scrap market subdued amid negative market sentiments
Pakistan’s imported scrap trade activities are moving at a slow pace. Negative sentiments are pushing buyers and steelmakers to the sidelines. The market is currently plagued by limited cash flows, electricity tariff hikes, LC issues, and bearish demand from end-users, SteelMint understands. Meanwhile, imported scrap prices continued to move south. However, deals are happening in…