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05 Jan

Indian buyers reduce scrap intake amid Turkey surge

Amid surging imported scrap prices in Turkey, Indian mills have reduced their intake of scrap this week. Availability of large stockpiles at Indian ports and containerised scrap bookings scheduled for February arrival are said to be the main factors contributing to the slowdown in bookings. A deal for 40,000 tonnes of shredded scrap was concluded by an Indian mill on 2 January at $450/tonne cfr Kandla. Offers for bulk cargoes are expected to rise further following…
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Sayed Aameer  |  India
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