Tag: price instability

Pakistan: Imported ferrous scrap prices rise by $2/t w-o-w; weak rebar sales dampen new bookings

Nov 12, 2024

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by

Adarsh Ramteke

in Melting Scrap

Buying interest subdued amid weak rebar sales Rumours of power tariff cuts create confusion Imported ferrous scrap offers to Pakistan remained largely stable this week, recording a marginal rise of $2-3/tonne (t) w-o-w, with BigMint’s weekly assessment indicating that European shredded stood at $397/t CFR Qasim. Mills held off on new purchases due to low…