Tag: scrap buying sentiment
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Pakistan: Imported scrap prices up $9/t w-o-w amid firm offers, rising freight costs
Domestic scrap steady; buyers cautious amid soft steel prices. Mills await clearer global freight and steel market signals before increasing bids Imported shredded scrap offers from the UK/EU are currently heard at $385-388/t CFR Port Qasim. Most buyer bids remain capped at $375-378/t, making procurement difficult at prevailing offer levels. BigMint‘s assessment for European/UK-origin shredded…