Tag: Pakistan: Imported scrap prices drop to 5-year low; suppliers eye pre-winter price hike

Domestic prices near bottom with slight PKR recovery Winter slowdown to deepen, mills planning lower operations At the start of the current week, European/UK-origin shredded scrap was assessed at $355/t CFR Qasim, setting a steady tone for the import market. However, the imported scrap levels for Pakistan are hovering around a five-year low level —…