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14 Sep

Indian imported scrap offers rise despite slowed bids

Indian imported scrap offers have ticked up following a slight improvement in the domestic market coupled with consecutive bookings in Turkey. Indian buyers, however, continue to bid low, citing slowed offtake of semi-finished and finished steel in the domestic market, sources tell Kallanish. Bulk offers from the US West Coast picked up to $425/tonne and $435/t cfr Kandla for HMS and shredded, respectively. Meanwhile, bids were heard at $410-415/t cfr Kandla for H…
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Sayed Aameer  |  India
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