Tag: Pakistan: Imported scrap index remains range-bound w-o-w; steelmakers slash CRC prices to drive sales

Pakistan’s imported ferrous scrap index has remained largely stable with a slight uptick by $1/tonne (t) w-o-w due to continued weak demand in finished steel and dull response from end-users. BigMint’s assessment of Europe-origin shredded scrap was at $399/t, up by $1/t w-o-w. According to a major steelmaker, sluggish stock movement may lead to a…