Tag: steel mill capacity
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Pakistan: Imported scrap prices dip $6/t w-o-w as demand weakens
Market subdued due to limited trading Steel mills operating at reduced capacity Pakistan’s imported ferrous scrap market experienced a slow trend over the past seven days, with demand from mills significantly dampened. According to market insiders, panic is starting to set in, as suppliers offered UK shredded at $383-385/tonne (t). With trading remaining limited, prices…