Tag: Pakistan: Imported ferrous scrap index down $2/t w-o-w; weak rebar sales dampen buying interest

Imported scrap inquiries dull as domestic prices decline Subdued rebar sales continue to impact domestic steel market Imported ferrous scrap offers to Pakistan slightly declined w-o-w, Pakistani mills are not actively sourcing imported scrap with continued weak rebar sales and competitive domestic scrap prices. As per market insiders, rebar movement stays sluggish, and for the…