Tag: Pakistan: Slow demand recovery after Eid continues to weigh on scrap trade

Buyers maintain cautious hand-to-mouth procurement Mills operate at only 30-35% capacity Pakistan’s imported ferrous scrap market remained largely quiet during the week, with trading activity failing to gain momentum after the Eid holidays. Buyers continued to maintain a cautious approach amid weak finished steel demand, low mill utilisation rates, and comfortable inventories. BigMint assessed Europe-origin…