Tag: scrap diversion to India

Mills maintaining low inventories amid uncertain outlook Limited rebar demand caps price hikes Imported shredded scrap offers from the UK/EU are currently quoted at $384-388/t CFR Port Qasim, while most Pakistani buyers are bidding lower at $380-382/t. As a result, procurement remains challenging at current offer levels, with recent deals concluded in the $382-385/t range.…