Tag: Pakistan: Imported ferrous scrap prices range-bound w-o-w; mills increase rebar offers

Pakistan’s imported ferrous scrap prices remained range-bound w-o-w as workable levels for the UK-origin shredded scrap stood at $422-425/t. Despite largely stable prices, the market faced challenges due to increased costs of raw materials, higher taxes and lack of demand. A market insider noted, “I think the market will rise next week in Pakistan, and…