14
Aug
07:35
India sees unexpected July scrap import growth
India’s imported scrap shipments saw an unusual 35% month-on-month rise in July, reaching 0.96 million tonnes, according to CYBEX trade data accessed by Kallanish. These levels were last seen in the first two months of 2024.
According to market participants, the increase in imports can be attributed to three main factors. Bulk vessels arrived on long-haul routes from the US and UK, while freight rates stabilised in late May and early June, encouraging suppli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous