Tag: Pakistan: Imported ferrous scrap offers witness slight uptick by $3/t w-o-w; steelmakers implement production cuts

Imported ferrous scrap prices in Pakistan witnessed a slight uptick of $3/t compared to the previous week. This uptick is attributed to recent transactions at higher prices by Turkiye and firm offers from suppliers amidst decreased collection pace. An official of a steel mill commented, “Pakistani buyers remained subdued amidst sluggish sentiment in the finished…