15
Mar
11:15
India's scrap import prices dip amid buyer caution
Indian scrap import prices saw a slight decline last week as buyers remained cautious amid the collapsing Chinese steel market.
EU/UK shredded scrap is priced at $390-395/tonne cfr India, while West Africa-origin HMS (80:20) ranges from $370-375/t cfr.
Demand sentiment among end-users remains unchanged, with domestic scrap and direct reduced iron prices dropping by INR 300/t ($4/t) on-week.
Market participants report steady Indian rebar demand in recent weeks. H…
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Anonymous
Very good overview of the weekly steel market.
Anonymous