Prices for shredded steel scrap imports into Pakistan softened during the week to Friday September 24, with Indian scrap also inching lower, sources told Fastmarkets.
Pakistan
Fastmarkets calculated its weekly
steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $520.32 per tonne on Friday, down from $526.91 per tonne one week previous, and from $530.42 per tonne one fortnight ago.
A deal done at $520 per tonne was widely reported in the market, in addition to deals reported at $515 and $526 per tonne this week. This compares with a deal level of $524-532 per tonne last week.