Another week of largely unfruitful business
saw Pakistan buyers finish January almost completely empty handed. Apart from
one or two tankers (gas freed for man entry only), it has proved a lonely
furrow of late in Gadani.
Indeed, many owners are reconsidering the cost
of gas freeing for hot works themselves, owing to the premiums of USD 20 per LT
LDT and upwards for the right units, in both Bangladesh and India.
As
the supply remains relatively unsteady, Pakistan buyers will have to up their
game again just to compete as capacity into all locations remains excellent and
availability of juicy tonnage dwindles.
Source: steel
guru. 4 February 2014
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