Pakistan Bulk Import Increase in Jan’18

Pakistan bulk imports increased by 18% in Jan’18 with rise in demand of coal from power and cement sector. As per vessel line up data no bulk scrap shipments were recorded in January 2018.

Bulk scrap shipments are expected in Feb’18 owing to decline of scrap prices in global markets and a sharp fall in available inventories at steel mills in Pakistan.

SteelMint Analysis for January Bulk Import

1.Coal import up by 22% M-o-M to 1 MnT supported by increase in import from cement companies

2.Coal import from South Africa fall by 14% M-o-M due to congestion at RBCT.

3.Coal import in January from Indonesia (0.32 MnT) is highest in FY18

4.In January 58,000 MT pet coke imported from Saudi Arabia and India

5.No bulk scrap shipment in Jan’18 against 30,000 MT in Dec’18 from USA

6.Mill Scale export shipment remain nil in Jan’18

Pakistan Bulk Import in FY18

Qty in MT
Source: SteelMint Stats,  Custom
Provisional Data