06
Oct
15:53
Pakistan scrap plummets on sluggish domestic market
Pakistan's imported scrap offers have plummeted on the back of slowed domestic market sentiment, mainly arising from a significant fall in finished steel sales. Despite scrap sellers lowering their offers amid a drop in Turkish booking prices, not many transactions were concluded last week.
Buyers are testing the bottom, thus holding off on purchases, sources tell Kallanish.
Quotes for UK- and EU-origin shredded dropped by $8-10/tonne on-week to $412-415/t cf…
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Anonymous
Very good overview of the weekly steel market.
Anonymous