Tag: Pakistan: Imported ferrous scrap index down by $2/t w-o-w; dull domestic steel market amid monsoon

Pakistan’s imported ferrous scrap index declined by $2/tonne (t) w-o-w despite higher offers from both the UK, ($430-432/t) and the UAE ($433-434/t). As per a mill source, recent heavy rains have disrupted operations, causing delays in bill payments and customer payments. Additionally, with average sales prices falling below cost, the ability to purchase scrap is…