Tag: LC flow steel mills
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Pakistan: Imported scrap prices edge up by $3/t w-o-w; cash crunch keeps steel market under pressure
Cash flow issues persist, but LC-backed mills report steady operations Market remains subdued with no new government projects announced Imported ferrous scrap prices into Pakistan inched up slightly w-o-w, with BigMint’s assessment placing European/UK-origin shredded at $384/tonne (t) CFR Qasim, up by $3/t. As per market participants, only a few buyers are interested in material…