Tag: Pakistan: Imported ferrous scrap prices rise $4/t w-o-w on pre-Eid restocking

Imported ferrous scrap prices in Pakistan increased slightly w-o-w. Steelmakers responded to domestic raw material shortages by raising rebar offers, anticipating heightened inquiries and buying activity ahead of Eid. Shredded scrap offers were majorly heard between $420-427/t last week, with nominal volumes booked due to active restocking. Around 3,000-3,500 t of shredded scrap from the…