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25 Jul
17:03

Pakistan’s imported scrap reliance continues: Better Deal’s Nadeem

Pakistan is expected to continue relying on imported scrap in the long term due to a lack of viable alternatives, such as direct reduced iron, and insufficient domestic scrap, according to Osama Nadeem, owner of Pakistan-based commodity brokerage Better Deals. Historically, Pakistan has tracked price trends in neighbouring markets like India and Bangladesh. However, this year has seen a notable shift. The country has been paying premiums for shredded scrap, with …
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