Tag: Pakistan: Imported ferrous scrap offers fall by $4/t w-o-w; mills trim rebar prices

Imported ferrous scrap prices in Pakistan saw a $4/t decline from the previous week, reflecting a less supportive steel market. Despite expectations for a post-Ramadan and Eid rebound, the market is sluggish. Rebar prices have been informally reduced due to weak sales and mills focus on electricity bill payments. HMS Middle East was priced at…