Scrap import prices to Pakistan up

Tuesday, 12 February 2019 23:11:57 (GMT+3)   |   Sao Paulo
       

On February 6, SteelOrbis reported that offers for containerized shredded (shredded 211) scrap from the EU and UK to Pakistan were at $335-342/mt CFR and that containerized shredded scrap offers from other destinations such as Africa or the Middle East could be found at $330-335/mt CFR.

Sources now inform SteelOrbis that offer prices have increased in line with the global scrap market, and shredded scrap offers from the EU and UK to Pakistan are now at $340-347/mt CFR, up $5/mt. Offers from other destinations also increased to $333-340/mt CFR, up $3/mt from the bottom of the previous range and $5/mt from the top of the same range. A source noted that given the rapid price surge of scrap, DRI, and iron ore, buyers are limiting deals seeking to confirm the long-term status of the new price levels, especially the ability of Turkish mills to sustain the higher scrap buying prices recently established.


Most Recent Related Articles

Another decrease in Turkey’s ship scrap market

Ex-Belgium scrap price increases slightly in Turkey

Turkish market players discuss Covid-19 impact on scrap imports

Prices decrease in Turkish ship scrap market

Pakistan's scrap imports up 16.6 percent in May from April