Tag: Pakistan: Imported ferrous scrap offers drop $3/t w-o-w; buyers on wait-and-watch mode

Imported ferrous scrap prices in Pakistan saw a $3/t decline over last week, with few signs of improvement. The local scrap market remains under pressure, with sluggish end-product demand and ongoing payment issues. Liquidity remains tight, contributing to the overall market slowdown. Current shredded scrap offers declined slightly to $425-426/t, Market activity remains slow as…