Tag: tax changes steel industry

Pakistan: Imported ferrous scrap prices fall $10/t; weak rebar sales dim market outlook

Oct 29, 2024

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by

Adarsh Ramteke

in Melting Scrap

Bid-offer disparities put buyers off fresh bookings Muted construction sector weighs on rebar demand Imported ferrous scrap offers to Pakistan softened by $10/tonne (t) this week amid limited demand, with BigMint’s weekly assessment of European shredded pricing it at $390/t CFR Qasim, down from $400/t CFR a week ago. As per market insiders, Pakistani buyers…