Tag: Ramadan slowdown

Pakistan: Imported scrap prices edge down by $3/t w-o-w amid Ramadan slowdown

Mar 4, 2025

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by

Anshuman

in Melting Scrap

Ramadan slowdown continues to impact trade, cash flow Influx of Iranian material adds pressure on local steel prices Shredded scrap offers from Europe to Pakistan dropped by $3-5/t w-o-w to $380-385/t CFR amid sluggish demand, while HMS stood at $360-365/t and fabrication scrap at $385-388/t. With Ramadan underway, market activity is expected to slow briefly…