16
Jun
16:14
Indian imported scrap slips on global downtrend
The prevailing global sluggish sentiments for ferrous scrap have pressured the sellers to drop their offers in the Indian subcontinent, as well. Trailing the weakened trade dynamics in Turkey, the sellers frightfully dropped their shredded offers by $40-50/tonne in the Indian market this week.
Offers for the UK- and US-origin shredded scrap plummeted dramatically by a further $40-50/t on-week to $450-460/t cfr Nhava Sheva and Mundra, Kallanish notes. According to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous