22
Sep
16:13
Indian imported bulk scrap suppresses containerised booking sentiment
The arrival of bulk scrap shipments has panicked Indian containerised scrap buyers, who fear the influx of bulk cargoes will flood the market and thus force sellers to drop containerised offers as well.
Three to four bulk vessels are expected to land in India during the last week of September, which will raise the availability of scrap by approximately 100,000-120,000 tonnes.
Buyers have slowed the bookings for containerised cargoes; moreover, the rupee has also…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous