03
Nov
15:33
Indian imported scrap plunges amid falling steel prices
Post-festive season in India, the domestic market is witnessing a drop in billet and rebar prices. Owing to this, mills have reduced bids for imported scrap, sources tell Kallanish.
These sluggish sentiments have reduced the bids for bulk cargoes for HMS to around $400/tonne cfr Chennai and Kandla from $410-415/t cfr Kandla and Chennai. Sources informed receiving offers for US-origin HMS and shredded mix bulk cargoes at $400-405/t cfr Chennai and Kandla. Last…
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Anonymous
Very good overview of the weekly steel market.
Anonymous