19
Apr
08:56
South Asian imported scrap prices rise
Indian demand for imported scrap saw an uptick last week, driving prices higher.
The prices for EU-origin shredded scrap are assessed in the range of $418-423/tonne, while HMS scrap from West-Africa is at $390-395/t cfr India, notes Kallanish.
Indian demand for imported scrap surged this week due to increasing restocking ahead of the upcoming monsoon season in June.
This uptick in demand also boosted domestic consumption of steel products like billet, rebar, and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous