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11 Oct

Indian imported scrap offers surge on coal uncertainties

Indian subcontinent imported scrap offers surged on 11 October on power uncertainties due to the shortage of thermal coal in the nation. Kallanish hears any-origin shredded offers hovering at $545/tonne cfr Nhava Sheva. United Arab Emirates-origin HMS 1 is noted at $508/t cfr Nhava Sheva. West African and UK-origin HMS 1&2 80:20 is offered at $490/t cfr Mundra and $495/t cfr Chennai. “Power fear is creeping up the price...also iron ore is cruising up,&r…
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