Tag: Pakistan: Imported shredded scrap prices jump $10/t w-o-w as supply tightens

Local scrap strengthens, mills still run below capacity EU supply tightens lifting Pakistan shredded scrap prices Imported shredded scrap offers into Pakistan climbed sharply by $10/t w-o-w to around $375/t CFR Qasim for the week ended 20 January, driven by tightening European supply and firmer upstream cost pressure. While offers from the EU were quoted…