12
Aug
15:42
Pakistan scrap improves on inventory restocking, rupee appreciation
Following consecutive devaluations, the Pakistani rupee started to improve against the dollar, thereby improving sentiment in the scrap import market.
Also, the monsoon is approaching its end and mills are seen restocking scrap to increase their rebar production amid a rise in post-monsoon construction activities, resulting in bullish sentiment in the market.
The recent hikes in Turkish and Indian scrap offers have also somewhat motivated sellers to hike their o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous