13
Jan
14:53
Pakistan situation piles pressure on falling Turkish scrap
Imported scrap prices, which are already under pressure in Turkey due to lacklustre demand, are expected to be put under further strain by Pakistani scrap importers’ being unable to open letters of credit, Kallanish notes.
Scrap cargoes already booked by Pakistani mills are likely to be diverted to other destinations at cheaper prices (see separate story). Although most are expected to be diverted to India, the excess supply could also impact Turkish sc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous