Tag: Pakistan: Imported scrap prices remain largely stable w-o-w; weak steel demand amid monsoon

Pakistan’s imported ferrous scrap prices have remained rangebound with a slight uptick of $1/tonne (t) w-o-w. Dull demand from end-users amid monsoons and weak construction activities have put pressure on rebar sales. BigMint’s assessment of European-origin shredded scrap was at $400/t, up by $1/t w-o-w. Market comments According to a buyer, workable levels for shredded…