Tag: Pakistan: Imported scrap prices drop by $5/t w-o-w on liquidity crunch and slow demand

European shredded scrap to hover at $350-355/t CFR in short term Gadani ship-breaking market softens as cheap Iranian scrap weighs on offers Imported scrap offers eased by $4-5/t this week, with UK/EU shredded heard at $356-360/t CFR and lower-grade UK-origin material tradable below $358/t. HMS was reported at around $340-345/t, with some buying interest at…