Tag: Ramadan impact on steel mills

Pakistan: Imported scrap prices inch up by $1/t w-o-w; local scrap, rebar witness limited inquiries

Mar 11, 2025

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by

Anshuman

in Melting Scrap

Many melting units in Lahore, Gujranwala shut due to Ramadan Rising material costs, high taxes weigh on construction sector Pakistan’s imported ferrous scrap market remains sluggish this Ramadan, in stark contrast to last year. The UK/EU-origin offers stand at $385-390/t CFR Qasim, with bids at $378-380/t — a widened spread and weak buying sentiment. Over…