26
Aug
17:23
Pakistan scrap plunges amid flood, low sales
The prevailing monsoon rainfall and flood situation in Pakistan has devastated 60-70% of agricultural land and damaged all the major roadways and railway lines, creating a panic situation among the citizens. This damage has soared the prices of necessities and purchasing steel has become their last priority, resulting in a dramatic fall in finished steel sales, Kallanish notes.
The imported scrap market took a direct hit from the devastating sentiment, and offers …
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Anonymous
Very good overview of the weekly steel market.
Anonymous