Tag: Pakistan: Imported scrap index down $17/t w-o-w; weak rebar sales keep market sluggish

Pakistan’s imported ferrous scrap index sharply fell by $17/tonne (t) w-o-w amid weaker interest amid higher offers from both the UK, which were around $415-422/t, and the UAE ($425-430/t). According to a mill source, shredded scrap offers have generally ranged from $415-420/t, regardless of origin, with some distress sales noted. Fresh offers have softened by…