20
Jan
15:15
Indian imported scrap rises further on recent bookings
Indian imported scrap offers have risen by $5-10/tonne on-week, on the back of a local scrap supply shortage coupled with rising panic-led bookings. This is despite only average finished steel demand in the domestic market.
Offers for United Arab Emirates-origin HMS 1&2 80:20 have increased to $475-480/tonne cfr Nhava Sheva and Mundra, Kallanish notes. A few Mumbai-based mills booked limited quantities of this material at $475/t cfr Nhava Sheva on Tuesday. Pun…
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Anonymous
Very good overview of the weekly steel market.
Anonymous