Tag: Pakistan: Imported scrap index drops $12/t w-o-w

Pakistan’s imported ferrous scrap index has sharply declined by $12/tonne (t) w-o-w due to slow finished steel sales and delayed payments from end-users. Most buyers and traders are adopting a wait-and-watch approach, anticipating a further decline in prices, which they expect to reach $390-392/t, while UAE prices are projected at $400-405/t. BigMint’s assessment of Europe-origin…