31
May
08:44
Indian imported scrap prices fall as demand slumps
Demand for imported scrap in India remained sluggish last week, with prices declining by $5-7/tonne compared to the previous week, notes Kallanish.
EU/UK-origin scrap is priced at $412-416/t, West Africa- and US-origin HMS scrap at $390-395/t, and United Arab Emirates-origin HMS scrap at $410/t cfr Indian west coast.
Several factors are contributing to subdued demand, including a slowdown in construction activity ahead of the general election result, a severe hea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous