Tag: Pakistan: Imported ferrous scrap prices fall w-o-w amid selective inquiries ahead of Ashura holidays

Buyers target $400-405/t amid ample availability of offers Mills remain cautious as capacity utilisation remains below 40% Pakistan’s imported ferrous scrap market weakened during the assessment week ended 23 June 2026 as subdued steel demand, cautious procurement activity, and ample scrap availability pressured prices. Buyers largely restricted purchases to urgent requirements, while mills avoided building…