Tag: Pakistani steel market
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Pakistan: Imported scrap prices up $5/t w-o-w on firm supplier stance; monsoon may dampen demand
Multiple EU shredded bookings done at $380-382/t Restocking may slow down if heavy rains persist Imported shredded scrap prices in Pakistan increased by $5/t to $382/t CFR Qasim. As per market insiders, a notable gap of $15-20/t has emerged between Indian and Pakistani buying levels. However, Pakistan is currently witnessing some restocking activities, with deals…