Tag: Pakistan: Imported ferrous scrap prices decline by $10/t in dull finished steel market

Activity remained moderate in the Pakistan scrap market in terms of fresh inquiries despite a sharp drop in shredded offers from the UK and Europe to $404-$410/tonne (t). Nominal number of bookings was observed. A cautious market watched global price trends as steelmakers aimed to lower their average procurement costs following a recent drop in…