Bullishness mounts in Pakistan’s import scrap market

Friday, 08 July 2022 11:22:26 (GMT+3)   |   Istanbul
       

Import scrap offers to Pakistan have continued to move up at a rapid pace, rising by $28-30/mt as of the end of the weak since Monday, June 4, and up $35-38/mt over the past week.

Accordingly, by the end of this week, import scrap has changed hands at $475-485/mt CFR. Offers for shredded 211 scrap of UK and European origin in containers to Pakistan have been voiced at $488-495/mt CFR, up by $35-38/mt week on week. Earlier, at the beginning of the week, a deal for around 3,000/mt of ex-UK shredded scrap was signed at $460/mt CFR, and in the middle of the week several new deals were reported at $470/mt CFR, as SteelOrbis reported earlier.


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News

US iron and steel scrap exports down 12.9 percent in January

26 Mar | Steel News

European scrap prices move up above $385/mt

26 Mar | Scrap & Raw Materials

Wholesale metal scrap sales in Mexico decrease 15.6 percent in January

25 Mar | Steel News