Tag: Pakistan: Imported ferrous scrap prices stable w-o-w; rebar offers surge over $25/t amid raw material shortages

Imported ferrous scrap prices in Pakistan remained stable w-o-w. Steelmakers raised rebar offers amid domestic raw material shortages, anticipating increased inquiries and buying activity ahead of Eid. On 28 May 2024, Pakistan observed a national holiday for Youm-i-Takbeer, halting firm offers and bids in the market and activity remained subdued. According to steel mill sources,…