Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Pakistan’s ferrous scrap imports fell to 246,169mt in July, down by 48pc from the prior year, according to the Pakistan Bureau of Statistics data. Imports in July were down by 15pc from June.


Scrap imports in July, slumped after a pick-up in June and increased by 5pc in June as compared to May. Pakistani buyers slowed trades amid Eid festivities. In June, they had built up inventory competing strongly with their subcontinental counterparts.


In the January to July period, ferrous scrap imports rose to 2.272mn mt, down by 2pc from a year-ago period.

Imports of iron and steel in July, however, rose on improved business sentiment. Pakistan’s iron and steel imports rose to 255,690mt in July, up by 5pc from May, and up by 47pc from a year ago.


During the same period, iron and steel imports were at 1.767mn mt, up by 16pc from a year ago.


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