Pakistan books rare bulk scrap cargo from US

摘要

A Pakistani mill that recently made a rare purchase of a bulk cargo of ferrous scrap from the United States’ West Coast will now likely buy such shipments with greater frequency, sources told Fastmarkets. The trade - involving 30,000 tonnes of shredded scrap priced at $306 per tonne cfr Port Qasim - only came to light on Monday February 24 against a background of global economic uncertainty attributed to the outbreak of the novel coronavirus (2019-nCoV) in China and beyond. Pakistan is normally an importer of containerized scrap. This transaction involving a bulk cargo of the steelmaking raw material is the first since 2017, one Asian scrap trader said.