30
Dec
15:08
Indian subcontinent scrap prices drop on sluggish demand
Feedstock prices plunged in the last week of 2021 owing to weak finished steel demand. After a sharp reduction in iron ore prices by NMDC, scrap prices also dropped by $5-10/tonne on-week, Kallanish notes.
Offers for United Arab Emirates-origin HMS 1&2 80:20 dropped $5-10/t to $440-445/t cfr Nhava Sheva and Mundra. West African-origin HMS 1&2 80:20 remained unchanged at $435-440/t cfr Nhava Sheva and $440-445/t cfr Chennai. Offers for UAE-origin HMS 1 were…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous