Tag: Pakistan: Imported scrap prices inch down amid weak downstream demand

Muted construction demand weighs on steel consumption Market eyes May-June recovery for import activity Pakistan’s imported ferrous scrap market remained largely steady, though sentiment stayed weak as mills continued to push back on higher offer levels. BigMint assessed Europe-origin shredded scrap at around $420/t CFR, down $1/t w-o-w, while bids were heard lower at $415-418/t…