SOUTH ASIA STEEL SCRAP: Trading subdued, price direction uncertain

Prices for shredded steel scrap imports into Pakistan erased gains made in the previous week on Friday September 17, while Indian scrap remained rangebound, sources told Fastmarkets.

Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $526.91 per tonne on Friday September 17, down from
$530.42 per tonne on September 10, erasing the gains made the previous week when the market moved up by $5.46 per tonne week on week.

Deals were heard at $524 per tonne in the reported week, $525 per tonne for a large tonnage and $530...


Carrie Bone

September 17, 2021

15:37 GMT