Tag: Pakistan ferrous scrap prices
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Pakistan: Import scrap offers drop further on limited demand
Pakistan’s imported scrap market remains sluggish due to limited demand. Imported scrap prices fell on the back of fewer inquiries owing to tight liquidity and a depreciating currency. “It doesn’t make commercial sense to import right now,” a major steel producer source told SteelMint. SteelMint’s assessment for imported shredded scrap in containers stands at $480-485/t…