Tag: Agha Steel Industries Pakistan
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Pakistan: Domestic steel prices rise as imported scrap offers climb to over 1-year high
After witnessing subdued finished steel demand in the past few weeks, Pakistan’s domestic steel prices have shown a rebound. Tighter availability resulted in hike in imported scrap offers. Active restocking of scrap supported the price hike. Interestingly, imported scrap offers have increased to over one-year high as similar levels were seen in Jul’19. SteelMint’s assessment…