07
Jun
10:02
Indian scrap prices experience volatility amid election surprise
Imported scrap prices in India saw a volatile trend last week, with offers rising by $10-12/tonne at the start of the week and then returning back to previous-week levels, observes Kallanish.
As of Friday, EU/UK-origin shredded scrap was reported at $413-417/tonne, while West Africa-origin HMS scrap was at $390-395/t cfr Nhava Sheva.
The initial increase during the week was due to positive sentiment in the domestic steel market after exit polls on Sunday suggeste…
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Anonymous
Very good overview of the weekly steel market.
Anonymous