Tag: Pakistan: Imported shredded scrap price weakens as buyers push for lower prices

Weak steel demand, low mill utilisation rates limit scrap trade Buyers target $400/t CFR amid expectations of further correction Pakistan’s imported shredded scrap market remained under pressure this week as lacklustre finished steel demand, low mill utilisation rates, wide bid-offer disparities, and cautious procurement strategies weighed on buying activity. Market participants reported limited trading interest,…