08
Dec
14:58
Indian imported scrap offers surge despite slowed demand
Following the price surge in recent deals in Turkey, which stimulated sentiment, scrap suppliers have hiked their offers to the Indian subcontinent as well. However, owing to a large pile-up of scrap inventories in Kandla, Chennai and Vizag, Indian buyers have slowed their purchases and are in wait-and-watch mode, sources tell Kallanish.
This week, offers for US- and EU-origin HMS and shredded mix bulk cargoes have surged to $420-425/tonne cfr Kandla and Chennai; …
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Anonymous
Very good overview of the weekly steel market.
Anonymous