31
Mar
15:12
Pakistan scrap plummets amid Ramadan slowdown, delayed financing
Pakistan imported scrap offers have fallen remarkably amid the Ramadan-led market slowdown. Construction and infrastructure projects in Pakistan are slowing, meaning demand for rebar and billet is low, thus impacting the scrap import confidence of buyers, sources tell Kallanish.
According to sources, offers for UK- and EU-origin shredded scrap dropped by a further $10-15/tonne on-week to $460-465/t cfr Port Qasim on Friday. Last week, owing to the slowdown, a very…
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Anonymous
Very good overview of the weekly steel market.
Anonymous