Tag: Pakistan steel market outlook

Pakistan: Pre-Ramadan restocking lifts imported shredded scrap prices by $7/t w-o-w

Feb 3, 2026

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by

Anshuman

in Melting Scrap

Scrap prices expected firm on tight supply, low stocks UAE and EU origin scrap buying accelerates ahead of Ramadan Imported shredded scrap offers into Pakistan improved by $7/t w-o-w to around $383-385/t CFR Qasim, as assessed on 3 February. The EU-origin shredded scrap assessment stood at $385-388/t CFR Qasim, up by $8-10/t w-o-w. However, workable…