Tag: Pakistan: Imported ferrous scrap prices rise $14/t w-o-w on freight risks and aggressive mill buying

Pakistan emerges as strongest container scrap buyer in South Asia Freight, Middle East tensions lift import offers Pakistan’s imported ferrous scrap market strengthened during the week ended 28 July, driven by higher freight costs, renewed geopolitical tensions in the Middle East and proactive mill restocking. While weak finished steel demand and monsoon-related disruptions continued to…