SOUTH ASIA STEEL SCRAP: Markets expected to follow Turkish trend downward

Prices for shredded steel scrap imports into Pakistan were broadly stable during the week to Friday July 16, while Indian prices fell further, sources told Fastmarkets.

Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $547.80 per tonne on Friday, compared with $547.34 per tonne a week ago.

Pakistan market participants reported deals at $550 per tonne cfr at the start of the week, but after a mid-week drop in the Turkish scrap market, deals were heard at lower levels of $547 and $545 per tonne by the end of the...

Published

Carrie Bone

July 16, 2021

16:35 GMT

London