Following the conclusion of recent deals in Turkey, India, Pakistan, Bangladesh and Vietnam, the Indian imported scrap market plunged remarkably this week, Kallanish hears.
Offers for UK- and EU-origin containerised shredded scrap have dropped a further $20-25/tonne on-week to $415-420/t cfr Nhava Sheva and Kandla. According to a trading source, a Maharashtra-based mill reportedly booked around 2,000 tonnes of EU-origin shredded at $418-420/t cfr Nhava Sheva on Th…
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