On April 4, SteelOrbis reported that offers for containerized shredded (shredded 211) scrap from the EU and UK to Pakistan were at $332-340/mt CFR.
Sources inform SteelOrbis that prices shredded scrap import offers are now reportedly at $330-335/mt CFR, down $2/mt from the bottom of the previous range and $5/mt from the top of the same range. A source noted that import scrap prices are receiving downward pressure due to lower domestic steel prices. The latest Turkish import scrap buy should “support scrap import prices to Pakistan” according to a source.