02
Feb
17:02
India reduces scrap intake amid volatile domestic market
Subdued demand for finished steel, coupled with volatility in semi-finished product and rebar prices, has forced Indian mills to reduce scrap bookings. This has impacted the overall sentiment for Indian imported scrap, with prices noted unchanged from last week, despite aggressive purchases in Turkey, sources tell Kallanish.
Offers for UK-origin containerised shredded scrap were heard at $440-445/tonne cfr Nhava Sheva and Mundra on Thursday. A few thousand tonnes …
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Anonymous
Very good overview of the weekly steel market.
Anonymous