Tag: Pakistan: Imported scrap market subdued amid Ramadan lull; UAE and European scrap offers firm

Mill utilisation at 30%; liquidity constraints weigh on demand Post-Eid restocking, Chinese buyers’ return may lift sentiment Pakistan’s imported ferrous scrap market remained largely inactive this week (18-24 February 2026), with sentiment at Port Qasim described as weak, and limited deals reported. EU-origin shredded scrap was assessed at $378/t CFR Qasim on 24 February 2026,…