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11 Aug

Pakistan scrap offers gain on improving sentiment, restocking

The shortage of scrap, coupled with relaxation in opening letters of credit and improving domestic market sentiment have lifted imported scrap prices in Pakistan. Moreover, amid costlier local scrap, many mills are preferring to procure imported scrap, which further spurred offers last week. Quotes are expected to grow further in the coming days on the back of good demand in India and Pakistan amid limited availability of scrap in the UK and Europe, sources tell K…
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Sayed Aameer  |  India
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