Pakistan: Imported ferrous scrap prices down by $1/t w-o-w; dull market amid Eid holidays
Activity in Pakistan's imported ferrous scrap market remained sluggish due to the Eid-Al-Adha holidays, leading to reduced demand. BigMint's assessment for Europe-origin shredded scrap stood at $423/t, down $1/t w-o-w.
- Rebar: PKR 250,000-250,500/t exw, down PKR 1,500-1,600/t w-o-w.
- Billet: PKR 212,000/t exw, a drop of PKR 5,000/t w-o-w.
- Domestic scrap: PKR 150,000/t exy, down by PKR 2,200/t w-o-w.