On February 1, SteelOrbis reported ex-UK containerized shredded scrap offers to Pakistan at $364-366/mt CFR. Ex-US offer prices on containerized shredded scrap were reportedly at $362-366/mt CFR Pakistan.
Sources report that containerized shredded scrap offers from the UK and US are trending at $358-360/mt CFR Pakistan. The range decreased by $6/mt from a week ago on limited trades due to creeping market uncertainty on Pakistan’s domestic steel market.