Tag: Pakistan: Shredded scrap import prices drop $9/t w-o-w as buyers stay on the sidelines

Weak steel demand keeps mill utilisation at around 40% Buyers remain cautious about post-Muharram purchases Pakistan’s imported shredded scrap market remained subdued in the week ended 30 June, as the Muharram holidays, weak finished steel demand, and cautious mill sentiment continued to restrict trading activity. Market activity remained largely at a standstill during the holiday…