01
Sep
15:44
Pakistan boosts import scrap bookings amid feedstock depletion
Pakistani steel mills are scaling up import scrap bookings, despite the devaluation of the Pakistani rupee against the US dollar, sources tell Kallanish.
There is a reported scrap shortage, and domestic scrap has been relatively expensive. Furthermore, recent hikes in finished steel prices and better offtake gave confidence to the buyers. As a result, the shredded scrap offers have picked up by $5–7/tonne on-week to $437–440/t cfr Port Qasim.
Acc…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous