Tag: Pakistan: Imported scrap prices stay below $420/t as buyers remain cautious amid rising freight and firm supplier stance

Firm supplier offers and higher freight support import scrap prices Selective steel demand and low mill utilisation limit procurement Pakistan’s ferrous scrap market remained largely stable during the week ended 22 September, as weak finished steel demand, transport strikes, flooding, energy shortages and the new energy tax continued to constrain mill operations and purchasing activity.…