20
Jan
15:56
Pakistan begins booking scrap using alternative payment methods
Amid severe dollar shortage-induced delays in opening letters of credit (LCs), Pakistani importers have started booking scrap on alternative payment terms. Sellers are heard softening offers for future contracts if the buyers agree to pay using telegraphic transfer (TT) or cash, sources inform Kallanish.
However, only those buyers having urgent requirements for raw materials are seeking to book this way. The majority of mills are still waiting for banks to clear t…
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Anonymous
Very good overview of the weekly steel market.
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