Tag: Pakistan: Imported ferrous scrap prices remain stable w-o-w; cautious optimism likely post-monsoon

Pakistan’s imported ferrous scrap prices continue to remain stable w-o-w as earlier the country faced severe rainfall that kept domestic steel demand sluggish. Some traders also remained reluctant to sell scrap to India as buyers in neighbouring Pakistan paid better prices. BigMint’s assessment of European-origin shredded scrap was at $400/t, stable w-o-w. Market Commentary Market…