Tag: Pakistan: Imported ferrous scrap index rises by $10/t w-o-w; sentiments improve post-IMF’s $7-bn bailout

Positive global trends boost prices But cash flows still remain tight Imported ferrous scrap offers to Pakistan increased w-o-w amid a rise in Chinese steel prices followed by a positive global price trend. However, Pakistani mills are not in a hurry to procure more volume after looking at dampened rebar sales and minimal production levels…