03
Feb
15:58
Pakistan imported scrap surges amid soaring domestic market
The Pakistani imported scrap market continues to rise amid delayed financing issues and a shortage-driven surge in local scrap prices. This has impacted the overall dynamics of the steel industry and mills are compensating for the scrap price surge by hiking finished steel prices, despite sluggish demand for steel in the nation, Kallanish notes.
Moreover, the Pakistani rupee devaluation has further worsened sentiment. The local currency fell to PKR 275/USD in the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous