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 have become more cautious as previously contracted materials are now available at more competitive […]
Imported ferrous scrap offers to Pakistan slightly declined w-o-w, Pakistani mills are not actively sourcing imported scrap with continued weak rebar sales and competitive domestic scrap prices. As per market insiders, rebar movement stays sluggish, and for the current week liquidity pressure may persist. So far, India, Pakistan, and Bangladesh are not competitive markets because […]