13
Oct
15:55
Pakistan reduces scrap bookings amid slowed domestic sentiment
Pakistani steel mills have significantly reduced their scrap intake following the downturn in the domestic steel market. Market conditions have become yet more severe; despite a price reduction for finished steel and further discounts, sales are still sluggish, making mills reluctant to buy raw material, sources tell Kallanish.
Furthermore, the Pakistani rupee is appreciating versus the dollar and the market expects this will bring finished steel prices down furth…
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Anonymous
Very good overview of the weekly steel market.
Anonymous