24
Mar
16:55
Pakistan scrap falls amid widening steel offer-bid gap
Low domestic steel demand, coupled with the devaluation of the Pakistani rupee against the dollar has curbed finished steel purchasing in the nation, which has ultimately limited imported scrap bookings. This also follows the weak sentiment prevailing ahead of Ramadan, when all construction activity operates at half capacity, Kallanish notes.
UK-origin imported shredded scrap offers in Pakistan are hovering at above $650/tonne cfr Port Qasim; however, mills are re…
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Anonymous
Very good overview of the weekly steel market.
Anonymous