Tag: Pakistan: Imported scrap prices remain rangebound; domestic prices decline amid weak demand

Domestic rebar, billet prices drop amid weak sales Moderate restocking activities seen before winter holidays Imported shredded scrap from the UK and EU remained stable, with offers at $385-386/t CFR. Some deals were concluded at $377-383/t under the restocking cycle, and some bids started to arrive as low as $375-377/t, although strong resistance was seen…