17
Jun
15:24
Pakistan imported scrap bookings surge amid price drop
Costlier domestic scrap coupled with freefalling imported shredded material prices led Pakistan-based mills to book large quantities of imported scrap last week. Moreover, the fall in import offers has turned out as an opportunity for mills to average out previously purchased material at higher prices, sources inform Kallanish.
After massive bookings the week prior at $518-535/tonne cfr Qasim, offers for UK- and EU-origin shredded scrap plunged dramatically to $44…
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Anonymous
Very good overview of the weekly steel market.
Anonymous