Tag: Pakistan: Weak demand and higher freight keep imported scrap buying need-based for steelmakers

Monsoon rains slow down construction activity, limit mill operations Tax changes improve economics of imported scrap, to support near-term demand Pakistan’s imported shredded scrap market remained cautious during the week ended 25 August, with mills limiting purchases amid weak downstream steel demand, higher freights, monsoon disruptions, and ongoing adjustments to the revised sales tax mechanism.…