Tag: scrap trading outlook
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Pakistan: Imported scrap prices inch down $2/t w-o-w on slow end-user demand
Mills cautious; thin bookings amid market uncertainty Demand expected to pick up post-Eid amid possible restocking Imported shredded scrap offers from the UK/EU are currently quoted at $380-382/t CFR Port Qasim, while most Pakistani buyers are bidding lower at $376-378/t. Trading activity remains limited as demand for finished steel has slowed ahead of Eid al-Adha…