01
Dec
14:39
Indian scrap surges amid huge stock pileup
The recent hike in Turkish scrap offers has motivated overseas suppliers to raise their offers in India, as well. A majority of Indian buyers anticipate the offers to surge further, however, and bookings are heard concluding at fairly low prices.
On the other hand, due to bulk scrap arrivals, buyers in Gujarat and Chennai have reduced their scrap intake. According to sources, there are about 300,000 tonnes and 150,000t of scrap lying at Kandla and Chennai ports, r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous