Tag: Pakistan steel outlook CY26

Long steel demand remains weak, mills facing financial stress Recovery unlikely before CY’26 without stronger govt spending In Pakistan’s imported scrap market, EU-origin shredded held stable at $355-358/t, with workable levels near $350/t, while UAE-origin HMS 80:20 was assessed at $338-340/t. Market sentiment showed a slight improvement as the European winter slowdown tightened scrap availability.…