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11 Oct
08:35

Pakistani steelmakers reduce quotes following rupee appreciation

Pakistan’s mills have restarted production and are again importing scrap on the back of a demand uptick in anticipation of infrastructure renovation, Kallanish notes. The recent floods in Pakistan have devastated the nation’s economy and infrastructure, thereby increasing inflation and impacting the purchasing power of end users during the last couple of months. The situation also brought down steel demand in the nation and, owing to this, many mills h…
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