12
Jan
15:16
Indian scrap importers resist surging offers
Amid surging offers, Indian containerised scrap importers have reduced intake of imported material and plan to resume purchases once prices start to cool during the Chinese New Year holidays. According to Indian buyers, sellers were aggressively floating multiple offers for containerised scrap in India, as they expected Indian buyers to book for March arrivals.
Slowing purchasing in Turkey and Pakistan has also made suppliers more eager to offer into India, source…
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Anonymous
Very good overview of the weekly steel market.
Anonymous