27
Oct
13:35
Pakistan imported scrap improves following rupee stability
Following a month-long strengthening of the Pakistani rupee versus the dollar, Pakistan’s currency has become stable and, as a result, steel mills have gained confidence in the market, sources tell Kallanish.
Quotes for UK- and EU-origin shredded were voiced at $395-400/tonne cfr Port Qasim last week. While the majority of bookings were made at $395-375/t cfr Port Qasim from Monday through Thursday, offers on Friday were noted at $400/t cfr.
A few transacti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous