Market weakness prompts fall in steel scrap prices in India, Pakistan

Prices for shredded steel scrap imported into Pakistan and India moved down after both markets weakened in the seven days to Friday November 19, sources told Fastmarkets.

Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $560.18 per tonne on Friday, compared with $564.21 per tonne a week earlier.
Deals were heard at $563-565 per tonne this week, with multiple offers reported at $560 per tonne, down from offers of $570 per tonne last week.

Prices in Pakistan were under pressure...


Carrie Bone

November 19, 2021

16:59 GMT