Tag: Pakistan: Imported ferrous scrap prices witness stable trend with moderate trades and delayed LC concerns

In Pakistan, market activity remained moderate in terms of fresh inquiries due to challenges in LC processing and subsequent payment delays. Shredded scrap offers from Europe and the Middle East ranged between $435-445/t CFR Qasim, while HMS 1 offers from Kuwait were around $415-420/t CFR Qasim. Additionally, Yemen-origin LMS Bundles are available at $350/t (shipment…