Tag: South Asia scrap trends
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Pakistan: Imported scrap prices firm up by $3/t w-o-w on tight offers; improving buying inquires
Imported scrap prices firm on tight supply, demand weak Mills cautious amid taxes, margins, and liquidity pressure Pakistan’s imported shredded scrap price inched up by $3/t w-o-w at $358-360/t CFR for the week ended 16 December. Imported scrap market activity remained subdued, with overall sentiment quiet and momentum limited. However, offers edged higher amid fewer…