28
Apr
17:03
Indian imported HMS continues to swing, shredded plunges
The recent flood of Russian-origin semi-finished steel into Turkey and Southeast Asia has troubled UK and US scrap suppliers, creating a panic situation in the market. Before prices drop further, sellers are seen compromising on offers in order to book cargoes in Turkey and the Indian subcontinent, sources inform Kallanish.
Offers for UK-origin shredded scrap have plunged by $40-50/tonne on-week to $590-600/t cfr Kandla and $600-610/t cfr Nhava Sheva. Two separate…
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Anonymous
Very good overview of the weekly steel market.
Anonymous