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18 Aug

Pakistan scrap increases further amid improving domestic sentiment

The uptick in domestic steel demand following the International Monetary Fund loan agreement has motivated Pakistani mills to scale up their imported scrap bookings. Furthermore, strong sentiment in the neighbouring Indian market and consecutive bookings in Turkey have panicked Pakistani buyers in terms of the price surge. As a result, sizeable tonnages were booked despite an uptick in offers last week, sources tell Kallanish. According to a few sources, followin…
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Sayed Aameer  |  India
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