Tag: steel market stagnation.

Pakistan: Imported scrap prices edge up by $2/t w-o-w; bid-offer gap widens

Feb 11, 2025

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by

Adarsh Ramteke

in Melting Scrap

Rebar production capacity falls to 40-50% Quality, supply issues plague Pak steel sector Imported ferrous scrap offers in Pakistan saw a w-o-w increase which widened the bid-offer gap, with BigMint assessing European/UK-origin shredded at $386/tonne (t) CFR Qasim, up by $2/t. Market participants informed that offers were at $388-390/t, but bids are being placed below…