Tag: Pakistan: Weak demand and competitive local scrap drag down imported offers w-o-w

Cash flow constraints limit purchasing activity Steelmakers call for 18% tax on local scrap Imported ferrous scrap offers to Pakistan have softened slightly, as bids remain higher than Turkiye’s. Buyers are now seeking prices below $395/t for shredded scrap, following a $10-15/t drop in Turkiye. Despite this shift, shredded scrap purchases in Pakistan remain limited,…