Tag: Pakistan: Imported scrap prices stable as tight supply offsets weak monsoon demand

Sales tax changes disrupt domestic scrap procurement, local supply Monsoon disruptions curb mill operations, weaken downstream demand Pakistan’s imported shredded scrap market remained subdued during the week as buyers resisted higher offers amid weak steel demand, monsoon slowdown, and sufficient mill inventories. Rising freight costs and tighter availability supported supplier offers, but limited buying interest…