Import ferrous scrap trade into Pakistan shaken by banking, forex concerns: sources

Regular traders of containerized shredded ferrous scrap market into Pakistan have begun to avoid selling into that market due to the rapid deterioration of the trading environment. This has been prompted by the sharp depreciation of the Pakistani rupee in recent weeks and low forex reserves at local banks. The Pakistani rupee weakened to Rupee 228.563 at 4:30 pm London…