Tag: Pakistan: Imported shredded scrap trades cool down as buyers remain cautious amid weak steel demand

UK-origin shredded deals heard at $425-427/t CFR Qasim Weak mill utilisation continue to weigh on buying sentiment Pakistan’s imported ferrous scrap market remained largely cautious this week, ending on 12 May, although shredded scrap offers edged up slightly amid firmer overseas sentiment and limited container availability. However, buying activity remained selective as domestic steel demand…