Tag: #IMFProgram
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Pakistan: Imported ferrous scrap index rises $7/t w-o-w; market still slow on weak rebar demand
Imported deals slow down as rebar sales weaken Payment issues in domestic scrap pressuring trade flow Imported ferrous scrap offers to Pakistan increased w-o-w. However, Pakistani mills are not procuring scrap from overseas markets on a frequent basis due to subdued rebar sales and constrained production levels. BigMint’s weekly assessment of European-origin shredded scrap stood…