Tag: Pakistan: Imported scrap prices at 5-year lows; winter restocking goes slow

Tight cash flow restricting fresh procurements Distress cargoes available, but demand subdued EU shredded held steady at $353-356/t while UAE-origin HMS 80:20 was assessed at $335-337/t. A few distress cargoes are available but buyers remain cautious due to soft downstream demand, which has kept winter restocking slower than expected. Ferrous scrap import volumes have increased…