21
Jul
15:59
Pakistan imported scrap offers gain amid supply shortage
Pakistan's imported scrap offers gained marginally amid scrap supply-side shortage issues, despite the lulled sentiment prevailing in the nation. Buyers with approval to open letters of credit booked cargoes, but a majority of them are withholding their purchases, sources tell Kallanish.
"Sentiments are weak as demand for steel is still down during the monsoon and Muharram," a mill source informs. "There are a few mills who have arrangements for…
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Anonymous
Very good overview of the weekly steel market.
Anonymous