Tag: Pakistan ferrous scrap imports+ Eid-Al-Adha

Pakistan: Imported ferrous scrap prices down by $1/t w-o-w; dull market amid Eid holidays

Jun 18, 2024

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by

Anshuman

in Melting Scrap

Activity in Pakistan’s imported ferrous scrap market remained sluggish due to the Eid-Al-Adha holidays, leading to reduced demand. BigMint’s assessment for Europe-origin shredded scrap stood at $423/t, down $1/t w-o-w. Rebar: PKR 250,000-250,500/t exw, down PKR 1,500-1,600/t w-o-w. Billet: PKR 212,000/t exw, a drop of PKR 5,000/t w-o-w. Domestic scrap: PKR 150,000/t exy, down by…