04
Nov
12:21
Pakistan scrap drops amid slowed finished steel sales
Political instability coupled with prevailing downward sales for finished steel has dropped Pakistani mills’ buying interest for imported scrap. Only limited buyers having an acute need for scraps are active in the market, sources inform Kallanish.
Last week, offers for UK- and EU-origin shredded scrap plummeted by $5/tonne on-week to $430/t cfr Port Qasim. According to sources, bookings of around 5,000-6,000t of shredded were heard concluded last week,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous