01
Jul
14:57
Pakistan imported scrap surges on supply shortage
Supply shortages resulting from the recent bulk deals in the Indian subcontinent and upcoming Eid holidays, have seen Pakistani scrap import offers surge. This has created panic among buyers who have accelerated bookings, as they fear offers will rise further, Kallanish notes.
Early last week, offers for UK- and EU-origin shredded scrap surged to $435-440/tonne cfr Port Qasim. They then grew to $445/t cfr Port Qasim in mid-week. Offers on Thursday and Friday were …
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Anonymous
Very good overview of the weekly steel market.
Anonymous