Tag: Pakistan: Imported scrap prices fall by $7/t w-o-w; monsoon weighs on bookings

Recovery expected post-monsoon with construction revival Prolonged losses could push some mills to cut or halt operations Pakistan’s imported scrap market fell sharply w-o-w, pressured by a weak UK pound-to-dollar conversion and bearish sentiment. Seasonal rains further slowed construction, keeping mill demand muted, with most plants still operating at 30-40% of their capacity, as seen…