14
Jul
16:15
Indian imported scrap offers plunge amid muted demand
Following the Eid holiday, demand for scrap is down as major scrap importers including Turkey, Pakistan and Bangladesh are yet to resume business in earnest.
After completing bulk bookings, Indian mills have decided to step back amid the depreciating rupee. These factors are creating a downward trend in the Indian subcontinent and offers for scrap have dropped this week, sources tell Kallanish.
Offers for UK- and EU-origin shredded scrap surged to $490-495/tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous