Tag: Pakistan: Imported shredded scrap prices weaken amid wide bid-offer disparities

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,…