SOUTH ASIA STEEL SCRAP: Sentiment knocked by falling Turkish market

The prices of shredded steel scrap imports into Pakistan and India weakened on Friday July 30 following a drop in Turkish scrap prices, sources told Fastmarkets.

Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $544.77 per tonne on Friday, down from $546.46 per tonne a week earlier.
Deals were reported at $543-545 per tonne this week, down from deals done at $546-550 per tonne last week.

“Customers are testing and trying to push the price lower while at the...

Published

Carrie Bone

July 30, 2021

15:55 GMT

London