Tag: scrap price hikes
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Pakistan: Imported scrap prices edge up by $2/t w-o-w; inquiries rise amid local material shortage
Interest rate cut boosts domestic market sentiments Shortage of domestic scrap supports demand for imported scrap Imported ferrous scrap prices trended up w-o-w, with BigMint’s assessment placing European/UK-origin shredded at $381/tonne (t) CFR Qasim, up by $2/t. In Pakistan, imported shredded from the UK/Europe was offered at $381-382/t CFR, and a few deals were heard…