Tag: steel mill collaboration
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Pakistan: Imported ferrous scrap prices edge down by $2/t w-o-w on subdued buying interest
Imported ferrous scrap offers to Pakistan dropped slightly w-o-w due to sluggish demand from the downstream steel market. Buyers were hesitant to book new scrap shipments due to weak finished steel sales, which prompted some steel mills to reduce production to 50-60% of their capacity. BigMint’s weekly assessment of European-origin shredded scrap stood at $390/tonne…