09
Jun
15:41
Indian scrap remains flat despite sluggish domestic market
The shortage of good scrap material and inventory requirement by Indian mills are holding scrap offers stable this week. It also follows aggressive booking trends by neighbouring Bangladesh and Pakistan, which has kept sellers from dropping their offers any further, at least for the near term, Kallanish notes.
Offers for UK- and US-origin shredded scrap picked up by a further $5-7/tonne on-week to $513-518/t cfr Nhava Sheva and Hazira. A booking for 2,000t of UK-o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous