13
Jan
14:11
Indian imported scrap surges on panic buying, shortage
Owing to feedstock restocking amid fears of Covid-induced logistical and operational issues, coupled with local scrap shortages, imported scrap demand and prices have surged in India.
The nation has reportedly booked around 30,000-35,000 tonnes of imported scrap during this week and witnessed an increase of $5-10/tonne in prices across all grades, Kallanish learns from various sources.
Offers for United Arab Emirates-origin HMS 1&2 80:20 surged to $465-470/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous