Tag: Pakistan: Imported ferrous scrap prices dip by $2/t w-o-w; mills stay cautious on bookings

Mills hold back purchases on high inventory levels Prices expected to stay subdued amid bid-offer gap Imported shredded scrap from Europe to Pakistan was offered at $370-372/tonne (t) CFR Qasim. Trade inquiries continued to remain below $368/t levels. In the present market, tradable levels for suppliers still remain near $370/t even though the margin is…