31
Mar
18:09
Pakistan imported scrap lulls on sluggish domestic demand
Pakistan's domestic steel demand has plunged ahead of Ramadan, amid prevailing political instability in the nation. Mills have consequently restricted scrap imports, Kallanish notes.
This week, UK- and EU-origin imported shredded scrap offers in Pakistan are hovering at above $660/tonne cfr Port Qasim; however, mills are refraining from buying scrap at this level on prevailing weak sentiment. A few bookings of 1,000-2,000 tonnes were heard last week at $640-64…
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Anonymous
Very good overview of the weekly steel market.
Anonymous