17
Mar
15:08
Pakistani scrap plateaus amid falling finished steel sales
Amid delayed financing, plunging finished steel sales have dampened sentiment towards imported scrap in Pakistan. There is resistance to price hikes in the market, resulting in offers stabilising, sources tell Kallanish.
According to sources, offers for UK- and EU-origin shredded scrap were noted stable on-week at $490-495/tonne cfr Port Qasim on Friday; however, most bookings were heard at $485-490/t cfr.
Last week, around 3,000-4,000 tonnes of UK- and EU-origin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous