Tag: uk shredded scrap cfr karachi

Pakistan: Market turns volatile as Middle East disruptions tighten supply and lift domestic steel prices

Mar 3, 2026

—

by

Adarsh Ramteke

in Melting Scrap

Pakistan faces tighter scrap supply as Gulf routes stall Local steel prices firm on rising freight and fuel Pakistan’s imported scrap market remained highly volatile on 3 March. EU-origin shredded scrap increased by $5-6/t w-o-w in the week ending 3 March, as escalating Middle East tensions and the US-Iran conflict disrupted vessel movements through the…