Prices for shredded steel scrap imported into Pakistan and India moved down after both markets weakened in the seven days to Friday November 19, sources told Fastmarkets.
Pakistan
Fastmarkets calculated its
weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $560.18 per tonne on Friday, compared with $564.21 per tonne a week earlier.
Deals were heard at $563-565 per tonne this week, with multiple offers reported at $560 per tonne, down from offers of $570 per tonne last week.
Prices in Pakistan were under pressure...