SOUTH ASIA STEEL SCRAP: Markets soften over working week

August 07, 2021 / www.metalbulletin.com / Article Link

The price of shredded steel scrap into Pakistan and India fell on Friday August 6 having moved progressively lower across the working week, sources told Fastmarkets.

Pakistan
Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $530.64 per tonne on Friday, down from $544.77 per tonne one week earlier.
Offers and deals were reported during the first half of the week at $540-545 per tonne, but had reached as low as $525-530 per tonne by Friday.
"Pakistan customers are holding back and traders have been adjusting their prices to generate customer interest," a trader said.

"We are expecting another drop of $5 per tonne next week. Unless Turkey scrap [prices]...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok