03
Mar
14:34
Pakistan scrap surges despite subdued sentiment, delayed financing
Following the recent series of scrap bookings in Turkey, the Pakistani market witnessed a sharp increase in offer values despite the prevailing financing issues, late letter-of-credit openings, and subdued sentiment in the market.
Moreover, this surge is occurring amid the depreciating Pakistani rupee against the dollar, which has further dampened sentiment in Pakistan, sources tell Kallanish.
Offers for UK- and EU-origin shredded scrap surged to $485-490/tonne …
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Anonymous
Very good overview of the weekly steel market.
Anonymous