Pakistan steps back from steel scrap import market following rupee appreciation, domestic steel price drop

Steel mills in Pakistan were relatively quiet in the containerized steel scrap import market this week after the Pakistani rupee gained in value against the dollar and domestic steel prices dropped, Fastmarkets heard on Friday September 15.

Approximately 8,000 tonnes of shredded scrap were booked this week, according to market sources, compared with at least 20,000 tonnes the previous week.

During the previous two weeks,...


Ross Yeo

September 15, 2023

18:39 GMT