31
Aug
15:58
Indian imported scrap gains on improving domestic demand
The Indian imported scrap market is picking up amid an improvement in domestic market sentiment.
An uptick in steel offtake has given confidence to the Indian scrap importers. As a result, buyers booked back-to-back containerised scrap this week, sources tell Kallanish.
According to sources, a confirmed deal for 30,000–32,000 tonnes of USWC-origin full-shredded scrap was booked at $425/tonne cfr Chennai. On Thursday, another offer from USWC-origin HMS and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous