Tag: shipbreaking market Pakistan
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Pakistan: Imported scrap prices ease $1/t w-o-w as bearish sentiment drags finished steel tags lower
Domestic rebar demand to improve before year-end Recovery capped by sluggish construction activity Pakistan’s imported shredded scrap prices stood at $355-358/t CFR, roughly easing by around $2/t this week. BigMint’s assessment placed European/UK-origin shredded at $355/t CFR Qasim, down by $1/t w-o-w. Meanwhile, HMS remained stable, with price movements limited to a narrow range. Overall, the…