02
Jun
15:37
Indian scrap offers remain firm despite lower bids
Increased bookings by buyers in neighbouring Bangladesh and Pakistan have encouraged scrap suppliers to stand firm in their offers to India, despite sluggish demand and lower bids. Moreover, the recent hike in Indian domestic billet offers has further strengthened scrap sellers’ expectations of being able to secure higher prices, Kallanish learns from sources.
Offers of UK- and US-origin shredded scrap remained flat on-week at $510-515/tonne cfr Nhava Sheva …
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Anonymous
Very good overview of the weekly steel market.
Anonymous