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19 Jul
07:24

Pakistan restocks imported scrap, India market remains silent

Pakistani demand for imported scrap improved last week compared to its neighbouring market, India, which is experiencing minimal demand for imported scrap, notes Kallanish. Pakistani buyers have been restocking for the past few days, leading to a moderate number of trades, inform market participants. The traded price for EU/UK-origin shredded scrap is at around $425-427/tonne, while United Arab Emirates-origin scrap offers range between $425-435/t, cfr Port Qasim…
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