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28 Apr

Pakistan mills anticipate further drops amid post-holiday sluggishness

The week after the Eid holidays remained sluggish in Pakistan, as most mills and construction companies have not restarted full-fledged operations. Very limited scrap bookings were made. Financing conditions remained difficult and only a limited number of mills can open letters of credit in the space of a week, sources tell Kallanish. According to sources, offers for UK- and EU-origin shredded scrap plummeted to $450-455/tonne cfr Port Qasim on Friday. Earlier las…
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