18
Nov
16:11
Indian imported scrap offers fall on plunging demand
Owing to falling demand for finished steel, Indian imported scrap offers have registered a sharp fall, Kallanish notes. However, shredded scrap offers surged due to supply shortages and firm demand for scrap in the Pakistani and Bangladesh markets.
Offers for United Arab Emirates-origin HMS1 plunged by $15-20/tonne to $475-480/tonne cfr Nhava Sheva and northern India. UAE-origin HMS 1&2 80:20 offers were noted at $460-465/t cfr Nhava Sheva. Offers for West Afr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous