27
Apr
16:47
Indian scrap importers await further price correction
The slowing domestic steel market, coupled with dropping semi-finished and finished steel sales, have cautioned Indian steelmakers to book larger volumes of imported scrap.
Steelmakers still consider imported scrap prices costlier versus plunging domestic steel prices and plan to book once scrap quotes drop further, sources tell Kallanish.
Offers for containerised UK- and EU-origin shredded scrap plummeted to $440-445/tonne cfr Nhava Sheva and Mundra. The majori…
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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