Tag: Pakistan: Imported ferrous scrap prices fall $8/t w-o-w amid cautious buying

Pakistan‘s imported ferrous scrap prices slid by $8/tonne (t) w-o-w due to weak steel demand in the country and reduced government-approved construction activity. Dull steel demand continues to overshadow fresh inquiries from end-users. Post-monsoon, it was expected that demand will improve but market remains mostly stable at the moment in terms of trades with a…