14
Jul
16:10
Slowed steel demand dampens Pakistan scrap market
Sluggish steel demand amid monsoons has softened imported scrap offers in Pakistan. Construction activity is down and, as a result, demand for rebar is slow, meaning mills are curtailing production. The recently agreed International Monetary Fund (IMF) loan for Pakistan has so far been unable to revive the steel market, sources tell Kallanish.
Meanwhile, the issuance of letters of credit continues to lag after the conclusion of the IMF pact. Banks claim that altho…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous