14
Jun
05:56
Indian imported scrap demand remains slow after election
Indian demand for imported scrap has slowed significantly following the country’s general election result announced on 4 June, according to market participants.
Despite expectations for a positive rally in domestic steel demand and prices post-election, the market has instead stabilised, observes Kallanish.
Prices for EU/UK-origin shredded scrap are at $410-415/tonne, while HMS scrap is priced at $390-395/t cfr Nhava Sheva.
The reduced buying activity in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous