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07 Oct

Indian scrap import market falls silent amid uncertainty

The northern India scrap import market fell silent on Thursday owing to a drop in domestic billet offers in the region. However, southern Indian scrap buyers are seen unaffected by the semi-finished steel drop. UK-origin shredded scrap prices increased by $20-25/tonne on-week to $525-530/t cfr Nhava Sheva. US-origin and European shredded scrap prices are assessed at $527-530/t cfr Nhava Sheva. Kallanish hears a deal of 1,000 tonnes of UK-origin shr…
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