06
Oct
16:21
ASEAN scrap gets acceptance from Indian buyers
Thanks to its short-lead-time delivery to India, and coupled with the long absence from India of United Arab Emirates-origin HMS scrap, ASEAN-origin scrap has managed to establish itself in the Indian market.
This week, the market witnessed more ASEAN-origin PNS scrap booked by buyers over the traditional EU- and UK-origin shredded scrap, Kallanish notes.
Following the surge in US-origin scrap prices in Turkey, sentiment picked up in India as well. According to a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous