12
Jul
12:49
Indian imported scrap market comes to standstill
Demand for imported scrap in India continues to be weak due to a sustained drop in domestic steel demand and prices.
This has resulted in a bid-offer mismatch and reduced imported scrap buying in the market, notes Kallanish.
Offers for shredded scrap from the US and UK/Europe are at $410-415/tonne, while bids are at around $400-405/t cfr Nhava Sheva.
Offers for HMS (80:20) from West Africa and UK/Europe were at $385-395/t, with buyers aiming for $375-380/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous