Tag: Pakistan: Imported ferrous scrap prices rise by $2/t w-o-w; bearish outlook amid Muharram

In Pakistan, the imported ferrous scrap market experienced a slowdown due to weak steel demand, influenced by the ongoing Muharram observance. Industry insiders reported a noticeable decline in inquiries towards the end of the week, with buyers showing interest primarily in yard-specific offers. This trend reflects the cautious approach of market participants amid uncertain demand…