11
Nov
12:16
Pakistan scrap importers reduce bids amid slowed demand
The slowed demand for finished steel coupled with severe cash liquidity shortage has deteriorated the intake and demand for imported scrap in Pakistan. Offers are falling each day, and buyers anticipate the offers to go below $400/tonne cfr Port Qasim shortly, sources tell Kallanish.
Last week, offers for UK- and EU-origin shredded scrap plummeted by $10/t on-week to $418-420/t cfr Port Qasim, while US-origin shredded scrap offers were registered at $415…
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Anonymous
Very good overview of the weekly steel market.
Anonymous