09
Dec
14:34
Pakistan scrap seesaws on slow demand, high offers
Slow steel demand versus high offers from sellers on the back of recent deals in Turkey have widened the quote-bid gap for scrap in Pakistan, resulting in a seesawing of deal prices last week.
Early last week, offers for UK- and EU-origin shredded scrap were range bound at $440-442/tonne cfr Port Wasim. They jumped to $445-448/t cfr Port Qasim on Tuesday and Wednesday, and then dropped to $443-447/t cfr on Thursday and further down to $440-442/t cfr Port Qasim on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous