08
Aug
09:36
Indian scrap demand stalls; Bangladesh dri turmoil minimal
Indian demand for imported scrap has come to a halt as both buyers and sellers adopt a wait-and-see approach, notes Kallanish.
Market participants indicate that Indian buyers are currently uninterested in imported scrap due to weak finished steel demand, while sellers are unwilling to lower their offers amid rising freight costs and container shortages.
"This is an uncommon scenario this year. Despite no significant demand from India, sellers are hesitant to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous