Tag: Ramadan impact
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Pakistan: Imported scrap prices edge down $1/t w-o-w; rebar margins under pressure
Pre-Ramadan restocking under way Middle East prices to Pakistan stable Imported ferrous scrap offers remained range-bound w-o-w, with restocking continuing at a slower pace. Shredded scrap is currently at $385/t CFR Qasim, while offers briefly touched $390/t before buyers pulled back, opting to reassess sales before making further purchases. BigMint assessed European/UK-origin shredded at $385/t…