It is clear to see
why Pakistan prices have been impressing so much of late, as the graphs below
show the steady improvement in both the currency and steel plate prices over
the first two quarters of the year. The only hindrance to a continued
domination of the Pakistan market will be the steady decline in the
availability of open and hot buyers.
Much of the market
tonnage has been diverted to Pakistan particularly over the last several months
and whilst fundamentals remain impressive, capacity and demand may tail off in
the months ahead and Gadani buyers may revert to their age old habit of aping
Indian prices once again.
Source: steel guru. 12 August
2014
No comments:
Post a Comment