Tag: smog lockdown
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Pakistan: Imported ferrous scrap prices drop by $7/t w-o-w as buying activity slows
Choked by smog, Lahore imposes week-long lockdown Rebar producers offer discounts to increase cash flow Imported ferrous scrap offers to Pakistan fell by $7/tonne (t) w-o-w, with BigMint’s weekly assessment indicating that European shredded stood at $390/t CFR Qasim. The imported market witnessed cautious buying due to weak rebar demand and ongoing smog issues. Rebar…