04
May
16:11
Indian mills reduce scrap intake, await price bottoming
Amid the global scrap market downturn and slowing Indian domestic steel market, Indian mills have reduced their intake of scrap this week. Despite the shortage of scrap, most mills have held off from booking and anticipate resuming deals once prices reach bottom, sources tell Kallanish.
Offers for containerised UK- and EU-origin shredded scrap plummeted by another $10/tonne on-week to $428-433/tonne cfr Nhava Sheva and Mundra. The majority of bookings in Nhava She…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous