18
Mar
15:22
Pakistan rebar prices to rise amid Russia sanctions
The Ukraine-Russia crisis has impacted pig iron supply from the CIS region, resulting in increased dependency on scrap for steel production. Nations like Turkey, India, Pakistan and Bangladesh have already witnessed a sharp increase in scrap prices, and have thus hiked finished steel prices to compensate.
Limited scrap bookings by Turkey recently, coupled with fresh Covid-19 lockdowns in China have eased the upward pressure on prices, at least for the near te…
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Anonymous
Very good overview of the weekly steel market.
Anonymous