Import scrap prices in Pakistan tick down

On August 6, SteelOrbis had reported that offers for containerized shredded (shredded 211) scrap from the EU and UK to Pakistan were generally at $311-317/mt CFR.

Sources inform SteelOrbis that shredded scrap offers from the EU and UK to Pakistan have softened further and are presently at $305-310/mt CFR, down $6/mt from the bottom of the previous range and $7/mt from the top of the same range.