In a significant step towards enhancing energy cooperation between Pakistan and Iran, Islamabad has given the green light for advancing much-delayed work on the Iran- Pakistan gas pipeline within its territory.
News ID: 11252 Publish Date : 2024/02/28
Pakistan extended the closure of its border with Iran and Afghanistan for another two weeks due to the spread of coronavirus, according to a notification issued by the country’s Interior Ministry on Monday.
News ID: 9164 Publish Date : 2020/04/14
Imported scrap Offers to Pakistan have plummeted over the last week, following a downturn at global levels as well as low bids and general disinterest from the buyers' side. This week, the buying activates remained the slowest among the last 4-5 weeks, although few odd bookings were concluded. Sudden currency depreciation also remained a concern.
News ID: 8812 Publish Date : 2020/03/17
Imported scrap offers to Pakistan have come down in the last few days, after continuous uptrend for more than 3 weeks. Recent bookings in other markets at lowered prices, including a deep sea cargo to Turkey and 3 bulk cargoes to Bangladesh, have pulled down offers, while container shortage situation has led to a reduction in the number of offers from most suppliers.
News ID: 8612 Publish Date : 2020/03/03
Imported scrap trades to Pakistan , which have been particularly strong since the last 10 days, received an additional boost after the confirmation of the bulk vessel booking after a gap of over 2 years. Although suppliers have successively been increasing offers on strong global market, active buying activities continued, with many mills looking to restock at feasible levels, given the uncertainty about price hike in the present market.
News ID: 8605 Publish Date : 2020/02/25
Businessmen from Tehran Chamber of Commerce, Industries, Mines and Agriculture held several meetings with officials and traders of Pakistan i port city of Karachi where the two sides urged their respective governments to ease banking relations to enhance bilateral trade.
News ID: 8491 Publish Date : 2020/02/26
Pakistan ’s Special Assistant to Prime Minister on Petroleum Affairs Nadeem Babar said that his country is committed to broaden cooperation with Iran in the energy sector.
News ID: 8341 Publish Date : 2020/01/25
Imported scrap trades to Pakistan remained slow for another week with buyers staying away from actively procuring on sufficient bookings for Jan’20 shipments. Offers to Pakistan remained mostly stable in comparison to last week, with only few suppliers offering presently as most European yards remain closed for winter vacation.
News ID: 8186 Publish Date : 2019/12/31
Imported scrap offers to Pakistan inched up marginally this week by upto USD 5/MT W-o-W. Following global uptrend, offers to Pakistan have increased.
News ID: 8105 Publish Date : 2019/12/24
--South African coal exports have witnessed slight decline during the first 10-months of CY’19 (Jan-Oct’19) noted at 64.68 MnT, as against 65.42 MnT in preceding year. Apparently, export volumes have been affected by a tight supply in the domestic market, with buyers offering higher prices than those on the seaborne market which have limited South African coal exposure to exports.
News ID: 8025 Publish Date : 2019/12/16
SteelMint learned in recent conversations with market participants that the imported scrap offers to Pakistan have continued to move up this week with recent upsurge the global market. After remaining slow earlier in the previous week, trade activities have picked up . Local scrap and Billet prices moved up on increasing global scrap offers, while domestic steel demand remains low.
News ID: 7350 Publish Date : 2019/11/05
Imported scrap offers to India have continued to rise for another week following the global upside. SteelMint's assessment for imported scrap to India has increased by USD 10/MT W-o-W. No major deal for containers was reported this week due to mismatch in buyers’ bids and offers from suppliers.
News ID: 7335 Publish Date : 2019/11/01
SteelMint learnt in recent conversations with market participants that the imported scrap offers to Pakistan have rallied up further this week after the global market continued to strengthen last week. Trades are yet to pick up after the recent uptrend, with buying activities remaining slow for the 3rd week in a row. Continued slow down in domestic steel market and ongoing 2-day strike has also kept most steel mills away from active procurement.
News ID: 7112 Publish Date : 2019/10/29
SteelMint learnt in recent conversations with market participants that Pakistan based steel mills have raised rebar offers this week by around PKR 1000/MT (USD 6) following hike in imported scrap prices. The imported scrap offers to Pakistan has continued to inch up over the last week following the rising global trend in recent bookings to Turkey. However, buying activities have been quite slow at high offers with few low quantity bookings getting concluded to maintain inventories. The domestic market is still facing slow demand on issues like cash flow and delayed projects.
News ID: 7048 Publish Date : 2019/10/22
Iranian President Hassan Rouhani announced that launching railway link between Iran and Iraq is on the two countries’ agenda, and said that the government will do its best to help pilgrims have an easier, safer and faster visit to Iraq.
News ID: 6909 Publish Date : 2019/10/23
The southeastern province of Sistan-Baluchestan registered a trade surplus of $277.69 million during the first half of the current fiscal year (March 21-Sept. 22).
News ID: 6840 Publish Date : 2019/10/21
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan and Bangladesh have further dropped this week, as Turkish scrap prices continuing to decline in recent deep sea cargo bookings.
News ID: 6450 Publish Date : 2019/09/11
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have moved down considerably on account of a continuous global downturn, however, buyers are targeting further correction as buying interest continues to remain lower. Domestic sales remained slow ahead Muharram coupled with heavy rainfall keeping demand low.
News ID: 6357 Publish Date : 2019/09/03
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened further after the market inquiries resumed recently post-Eid holidays, as global markets have been on a downtrend since a couple of weeks, along with low demand in the domestic market. Trades are expected to pick up in the coming week as the market has observed slow returning.
News ID: 6154 Publish Date : 2019/08/25
SteelMint learned in recent conversations with industry participants that imported scrap offers to Pakistan have softened on account of slow buying activity in the country, as well as silence being observed in the global scrap market. Slow domestic demand due to upcoming Eid holidays and recent FBR enforcements have kept the trades limited. Participants eye further marginal correction in prices as traders have come under pressure.
News ID: 5858 Publish Date : 2019/08/08