Alibaba | Chuangcai Group | Caiju International Trade | Longjian Board Industry

language
- English
- 中文

Home page

Pakistan: Demand recovery remains sluggish following Eid al-Fitr, with scrap trading under continued pressure.

Category: Blog

Time:2026-06-04

Pakistan: Demand Recovery Slow After Eid al-Fitr, Scrap Trading Remains Under Pressure The Pakistani imported ferrous scrap market remained largely subdued this week, with trading activity failing to gain momentum following the Eid al-Fitr holiday. Amid weak demand for finished steel products, low mill utilization rates, and ample inventory levels, buyers continue to adopt a cautious stance. The CFR Karachi price for European crushed scrap stood at around USD 420 per ton, up slightly by approximately USD 1 per ton week-on-week.

Pakistan: Demand recovery remains sluggish following Eid al-Fitr, with scrap steel trading under continued pressure.

The Pakistani market for imported black scrap remained largely subdued this week, with trading activity failing to gain momentum following the Eid al-Fitr holiday. Amid weak demand for finished steel products, low mill utilization rates, and ample inventory levels, buyers continue to adopt a cautious stance. European‑origin shredded scrap. CFR Kasim's price is approximately 420 U.S. dollar / tons, up slightly week-on-week by approximately 1 U.S. dollar / Ton.

　　Market sources report that the United Kingdom / The transaction price of EU‑produced crushed scrap steel has declined compared with last week, reflecting waning purchasing interest. According to reports, approximately… 1,300 tons of British-made crushed scrap steel with 414 U.S. dollar / ton CFR Qasim has closed the deal, and there is another vessel. 1,000 tons of cargo with 420 U.S. dollar / ton CFR Deal.

　　According to market sources, import prices for crushed scrap steel are generally around… 420-425 U.S. dollar / ton CFR Kasim, while most buyers’ comfortable price range is 415-418 U.S. dollar / ton CFR Although there have been some purchase inquiries following Eid al-Fitr, steel mills have shown little interest in locking in shipments, resulting in a sluggish market.

　　A Karachi-based trader said that since Eid al-Fitr, the market has seen no significant volatility, with trading activity remaining sluggish and most steel mills continuing to operate cautiously. Another market source noted that approximately… 425 U.S. dollar / ton CFR The quotes have largely been ignored, while buyers continue to submit offers at 415 U.S. dollar / ton CFR Nearby, adding that post-holiday demand has been far weaker than expected.

　　Domestic steel price indices have largely remained range-bound. Billet prices are reportedly around… 217,000 Rupee / tons (approximately 780 U.S. dollar / tons), while 60 The transaction price of Grade I threaded steel is 245,000-247,000 Rupee / tons (approximately 880-887 U.S. dollar / tons). The local scrap steel price report is 148,000-150,000 Rupee / tons (approximately 532-539 U.S. dollar / tons), Bala It is said that scrap steel is… 200,000-205,000 Rupee / tons (approximately 718-736 U.S. dollar / tons). Market analysts estimate that overall corporate sales levels are only 30% , while steel mill capacity utilization remains at 30-35% Around this time, construction activity and downstream steel consumption remained sluggish.

　　Due to weak steel demand, low blast furnace utilization rates, and cautious purchasing sentiment that continue to constrain new orders, Pakistan’s imported scrap steel market is expected to remain subdued in the coming days. Although current quotations for shredded scrap are at… 420-425 U.S. dollar / ton CFR Around this level, but unless domestic steel demand improves significantly, buyers are likely to continue purchasing only on a need‑basis.

Keywords: Pakistan: Demand recovery remains sluggish following Eid al-Fitr, with scrap trading under continued pressure.

Related Information

Submit

+86-18654318088

mike@chuangcaigroup.com

+86-532-57752682

Share your needs with us and get impressive cooperation and reliable products.

国际站建设：中企动力淄博外贸Google推广

WhatsApp：8618654318088

E-mail：wanglei@chuangcaigroup.com

Tel：+86-532-57752682

Pakistan: Demand recovery remains sluggish following Eid al-Fitr, with scrap trading under continued pressure.

Related Information

Company News

South Asian imports of scrap steel remain cautious, but Pakistan continues to show buying interest.

Hilton’s “Lightning Meeting”: A Prelude to Collaboration Before the Coffee Has Even Cooled

Warmly celebrate the successful inspection of all sample orders from African customers of Chuangcai Group Co., Ltd.

Chuangcai Group Helps Clients Establish a Strong Footprint in Albania

Warmly celebrate Changcai Company’s successful participation in UzBuild 2026 in Uzbekistan!

Chuangcai’s latest news: Trump puts further pressure on Iran, and coke prices see their first round of increase.

We warmly welcome UAE customers to visit our color-coated and galvanized steel plants.

Warmly celebrate that our Nepalese customer has successfully passed the inspection of all company products.

Chuangcai Group Co., Ltd. launches bright-finish galvanized steel sheets, leading the industry with advanced technology and superior quality.

Warm Celebration of the First Perfect Cooperation between Chuangcai Group Co., Ltd. and Azerbaijani Customers

Warmly celebrate the great success of Chuangcai Group Co., Ltd. at the Dubai exhibition.

Morning reading: The "14th Five-Year" Plan proposal clearly outlines the development direction and opportunities for the steel industry.

Special Meeting on Creative Color Group Corporation's Strategy for Managing Risks in the Indian Market

Warmly celebrate Chuangcai Group Co., Ltd.'s successful participation in Alibaba International's "Heroes Contest, Billion Battle to Fame" high-quality customer negotiation training.

Morning Reading: Iron ore prices rise above $105, first round of coke price reductions implemented

Warmly celebrate Shandong Longjian Board Industry Co., Ltd. for successfully passing the ISO9001 certification

Internal Company International Business Knowledge Collision: Wisdom Integration, Expanding Global Perspectives Together

Two groups of Indian clients visited the factory, securing 3.000 tons of new orders

What industries use galvanized steel sheets? What types are there?

What are the main applications of galvanized materials?

How to distinguish between galvanized sheet and cold-rolled sheet

The difference between galvanized steel sheet and cold-rolled steel sheet

Industry News

Pakistan: Demand recovery remains sluggish following Eid al-Fitr, with scrap trading under continued pressure.

The Brazilian export and U.S. import markets for pig iron remain firm, supported by bullish sentiment among suppliers.

Global scrap steel prices rose by 1–3% in May.

Weak overseas demand has led to a consolidation in Japan’s scrap steel export price range.

Pakistan’s imports of black scrap steel rose 22% year-on-year in the first quarter, reaching 890,000 tonnes.

The International Recycling Bureau highlights the key risks facing the global scrap steel market in the first quarter of 2026.

India’s scrap steel purchases have plummeted, weighed down by shrinking demand for finished steel products, labor shortages, and the depreciation of the rupee.

East Asian scrap steel prices remained steady week-on-week, as the market awaits guidance from the outcome of the Kanto tender.

Global scrap steel prices rose by 10% in April, while European markets remained stable.

Bengal’s demand for imported scrap steel has slowed, with local price advantages suppressing imports.

Democratic Republic of the Congo Establishes Mining Security Force, Allocates $100 Million to Strengthen Supply Chain Security

Brazil Rejects Proposal to Establish a State-Owned Critical Minerals Company, Stalling U.S. Agreement

Pakistan Extends Anti-Dumping Duty on Chinese Steel Billets for Another Five Years at a Rate of 24.04%

Bangladesh Resumes Scrap Steel Purchases from South Korea

Canada’s First Quantum Minerals Partners with Hitachi to Deploy the World’s First Fully Electric Mining Truck at a Zambian Mine

Brazilian Mining Association: Mining Revenue Up 6% Year-on-Year in the First Quarter

2026 Statistics: South Africa’s February Mining Output Up 9.7% Year on Year

Egypt Imposes Safeguard Duty on Imported Steel Billets for a Period of Two and a Half Years

Sea freight rates for iron ore are diverging, with rates on the Pacific route strengthening and those on the Atlantic route weakening.

Ceasefire unlikely to ease Iran’s tight steel supply; semi-finished product prices may remain high.

Ukraine’s iron ore exports fell 33.9% year on year in the first quarter, primarily to China, Slovakia, and Poland.

Increased Chinese Purchases Drive March Global Iron Ore Exports Higher Month-on-Month

Ukrainian Railways’ scrap steel sales surged 220% in the first quarter, poised to set a new annual record.

Australia Bars Hong Kong Investor Yingde from Exercising Voting Rights in Northern Mining, Tightens Controls on Foreign Ownership of Critical Minerals

Uzbek Metallurgical Combine Plans to Procure 300,000 Tons of Iron Ore from Tajikistan

Attacks on Several Core Iranian Steel Mills May Further Heighten Uncertainty in the Middle East Steel Supply Chain

Global scrap steel prices rose across the board in mid-March, led by Turkey and the United States.

February Export Shipments from South Africa’s Saldanha Bay and Richards Bay Decline Month-on-Month for Both Ports

Strong Japanese demand combined with rising costs of alternative raw materials has driven Vietnamese imported scrap steel prices higher for the fourth consecutive week.

Rising freight rates and cautious procurement are putting pressure on the global scrap steel export market.

Vale and Anglo American to Shift Iron Ore Shipments from the Middle East to Asia

Kyrgyzstan Extends Ban on Export of Ferrous Metal Scrap for Another Six Months

Iron ore prices remain volatile at high levels, with Chinese port inventories surpassing 179 million tonnes.

South Asia: Divergent Trends in the Scrap Import Market, with Indian Buyers Becoming More Cautious

Tight supply coupled with the Middle East conflict has driven up freight rates, causing Brazilian slab prices to rise.

The blockade of the Strait of Hormuz is disrupting iron ore trade, forcing cargo ships to seek new destinations.

The situation in the Strait of Hormuz has prompted several iron ore vessels bound for the Middle East to reroute to China.

The export market price for Brazilian billets continues to rise. In February of this year, iron ore exports surged 12.5% year-on-year, with the average price climbing to US$73.4 per tonne.

Energy prices are soaring and freight rates are rising, while iron ore prices continue to climb.

Tensions in the Gulf have driven up the UAE’s domestic scrap steel index, while exports have slowed due to logistical uncertainties.

Soaring freight rates and the Gulf conflict have driven up Bangladesh's scrap steel import prices, while the Baltic Dry Index continues to rise.

Post-holiday restocking in China, coupled with geopolitical risks, has led to a general week-on-week increase in seaborne iron ore freight rates.

The Iran conflict is driving up freight rates, while declining shipment volumes are supporting higher iron ore prices.

Global scrap steel export prices remained stable on a weekly basis, and cautious buying activity continues to keep the market in a volatile pattern.

Japan's scrap steel export market prices remained broadly stable.

Turkey's scrap steel import market prices remain stable.

India and Brazil sign mining agreement; bilateral trade targets over $20 billion within five years.

The South African Mining Council recommends drawing on Finland’s mineral processing model to promote value addition in the mining sector and upgrade industrial structures.

Latest Developments in India’s Iron Scale Market in 2026: Prices Show Strong Momentum

The South African Mining Qualifications Authority will hold a Mining Skills Conference in late February to celebrate its 30th anniversary.

A storm is approaching Australia’s Pilbara region, prompting the closure of liquefied natural gas and iron ore ports.

South Africa and China Sign Framework Agreement on Trade and Investment

China's steel company, Baowu Resources, has acquired a controlling stake in the consortium for the Simandou iron ore project in Guinea.

Import prices for rebar and billets from the UAE remain stable.