Tag: Pakistan: Imported scrap prices edge down by $3/t w-o-w amid Ramadan slowdown

Ramadan slowdown continues to impact trade, cash flow Influx of Iranian material adds pressure on local steel prices Shredded scrap offers from Europe to Pakistan dropped by $3-5/t w-o-w to $380-385/t CFR amid sluggish demand, while HMS stood at $360-365/t and fabrication scrap at $385-388/t. With Ramadan underway, market activity is expected to slow briefly…