Tag: Pakistan: Imported ferrous scrap prices slide $8/t w-o-w amid weak buying interest

In Pakistan, market activity remained comparatively slow in terms of fresh imported scrap bookings amid weaker domestic rebar sales followed by liquidity issues for imported scrap buyers. Shredded scrap offers from Europe and the Middle East ranged between $430-438/t CFR Qasim. Current rates for US/Europe origin shredded stand at $430-434/t CFR Qasim, while HMS from…