28
Apr
14:14
Pakistan mills anticipate further drops amid post-holiday sluggishness
The week after the Eid holidays remained sluggish in Pakistan, as most mills and construction companies have not restarted full-fledged operations. Very limited scrap bookings were made. Financing conditions remained difficult and only a limited number of mills can open letters of credit in the space of a week, sources tell Kallanish.
According to sources, offers for UK- and EU-origin shredded scrap plummeted to $450-455/tonne cfr Port Qasim on Friday. Earlier las…
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Anonymous
Very good overview of the weekly steel market.
Anonymous