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06 Jan
14:11

Pakistan steel market expects demand correction in January

Pakistan's steel market is expected to pick up demand in the coming week after a long silence in domestic trading, various sources inform Kallanish. Imported shredded scrap offers in Pakistan increased by $5/tonne on-week to $525-530/t cfr Port Qasim this week. Pakistan mills were heard booking 500-1,000t UK-origin scrap at $525/t cfr level, earlier this week. The United Arab Emirates-origin HMS 1&2 scrap offers are hovering at $495-500/t cfr Port Qasim. …
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