16
Feb
12:28
Indian scrap buyers exercise caution amid firm prices
India’s ferrous scrap import market remained quiet last week. Buyers have adopted a cautious approach amid slowing end-user demand and a liquidity crunch.
Offers for Europe-origin shredded scrap are heard in the range of $415-425/tonne and for HMS 80:20 scrap at $390-395/t cfr India, while bids are $10-15/t lower, notes Kallanish.
Buyers are holding surplus imported scrap inventory from previous bookings at lower rates, hesitating to purchase more due to un…
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Anonymous
Very good overview of the weekly steel market.
Anonymous