20
Oct
15:43
Pakistan imported scrap offers soften amid sluggish sentiment
Amid the Pakistani rupee appreciation versus the dollar and finished steel offers dropping, imported scrap values also softened in Pakistan last week, sources tell Kallanish.
Quotes for UK- and EU-origin shredded dropped by $5-7/tonne on-week to $400-405/t cfr Port Qasim last week.
Due to the currency uptick, more transactions were concluded last week as compared to the previous week. According to sources, a steel major reportedly booked 2,000-3,000 tonnes of UK-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous