04
Nov
13:30
Indian scrap import bids drop amid festive season
As anticipated by traders and buyers last week, Indian imported scrap prices have declined further owing to the fall in demand amid the festive season in the nation.
Bids for United Arab Emirates-origin HMS1 scrap dropped to $500-505/tonne cfr Nhava Sheva and northern India, Kallanish notes. UAE-origin HMS 1&2 80:20 bids remain at $485-490/t cfr Nhava Sheva, against suppliers’ quotes at $495-500/t. Offers for West Africa-origin HMS 1&2 dropped to $45…
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Anonymous
Very good overview of the weekly steel market.
Anonymous