Tag: Pakistan: Imported ferrous scrap offers fall by $2/t w-o-w as steel market remains sluggish

Pakistan’s imported ferrous scrap prices fell by $2/t over the past week as market activity remained subdued. Offers for shredded scrap dropped to $422-423/t, reflecting a slowdown in demand. Steel production is down as mills hold back on manufacturing due to weakened demand from end users and construction projects. Buyer sentiment indicates a slowdown in…