17
Feb
14:30
Delayed financing continues to dent Pakistani scrap imports
Delayed letter-of-credit (LC) issuance continues to haunt Pakistani scrap importers, impacting trade and ferrous operations in the nation. It takes 2-3 weeks for LCs to be issued, thus making imports very risky, sources tell Kallanish.
Meanwhile, Pakistan is awaiting the IMF agreement conclusion, with authorities still working out the details to secure a bailout package. According to sources, the IMF loan of $1.1 billion would open the door for the nation to get l…
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Anonymous
Very good overview of the weekly steel market.
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