Tag: Pakistan: Imported ferrous scrap prices rise $3/t w-o-w

Pakistan’s imported ferrous scrap market witnessed a sluggish trend, with Eid approaching this weekend and the federal budget announcement expected tomorrow. There is a noticeable absence of new offers from major sources like the UK, US, and UAE, contributing to the subdued market activity; however, offers remain firm from suppliers amid rising freight rates. Steelmakers…