10
Aug
12:49
Indian imported scrap offers increase amid inventory shortage
Following a brief uptick in domestic steel prices since last week, the imported scrap market has been growing in India. This week, domestic steel values plummeted amid softened sentiment, but scrap offers are still increasing regardless.
On one hand, there is a scrap shortage in the nation, while on the other, finished steel offtake is slow; as a result, the majority of mills are in wait-and-watch mode, sources tell Kallanish.
Meanwhile, multiple bulk deals are r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous