Tag: Pakistan: Imported ferrous scrap prices drop by $4/t w-o-w

Pakistan’s imported scrap index dropped by $4/t w-o-w despite higher offers from the UK at $430-432/t and the UAE at $434-435/t. Buyers remained less interested at these elevated levels. Local scrap shortages pushed up prices last week but the current monsoon season is keeping demand slow which is affecting domestic scrap prices. On the other…