Bulk scrap import to India continues to increase in 2016. Another bulk scrap vessel named as MV Stove Campbell was reported at Kandla port, which is scheduled to be berthed on 13 Apr’16, carrying 35,200 MT (Shredded/HMS) scrap from US.
As per SteelMint’s assessment, 13 bulk shipments of scrap were recorded in year 2016, aggregating about 343,800 MT scrap. In 2015, 27 bulk scrap vessels recorded aggregating 748,900 MT scrap. Indian annual scrap import is about 5-5.5 MnT pa.
Reasons for increase in bulk shipments
1. Shift in interest to billet: Cheaper billet offered by China had flooded global steel market. Major scrap buyers had shifted their interest from scrap to Chinese billet. This had resulted in price pressure on scrap. India took the advantage and booked bulk vessel at affordable rates.
2. Turkey import fall in 2015: Turkey, largest importer of ferrous scrap, witnessed a fall of around 14.5% Y-o-Y in 2015. Turkey, which had imported about 19 MnT scrap in 2014, had managed to import 16.25 MnT of scrap in 2015.
| Berth Date | Vessel Name | Quantity | Discharge Port | Origin | Buyers | Grade |
| 8 Jan’16 | Puget Sound | 22,800 | Kandla | USA | MTC/ASR/Electrtherm/Varsana | Sh Scrap |
| 15 Jan’16 | Dl Pansy | 42,000 | Kandla | USA | Hariyana Group | Sh Scrap |
| 12 Feb’16 | Tasman Sea | 26,400 | Kandla | USA | Asr/Galant/Varsana/Neelkant) | Sh Scrap |
| 2 Mar’16 | Elliott Bay | 26,250 | Kandla | USA | ASR | Sh Scrap |
| 2 Mar’16 | Harmony Sw | 10,500 | Chennai | Australia | MTC | Sh Scrap |
| 7 Mar’16 | Aurora Bulker | 30,500 | Kandla | USA | Adani/Mono Steel | Sh Scrap |
| 21 Mar’16 | Postojna | 35,200 | Kandla | Netherland | Varsana ( Galantata/Electrtherm/Neelakanth) | Sh Scrap |
| 23 Mar’16 | Tai Shan | 10,150 | Chennai | Japan | MTC | Sh Scrap |
| 23 Mar’16 | Sea Star | 44,000 | Chennai | South Africa | MTC | Sh Scrap |
| 24 Mar’16 | Victoria Harbour | 19,300 | Chennai | USA | MTC | Sh Scrap |
| 28 Mar’16 | Venture Sw | 10,500 | Chennai | Japan | Kamatchi | Sh Scrap |
| 5 Apr’16 | Team Hope | 31,000 | Kandla | N/A | Mono Steel/ Gallant | Sh Scrap |
| 13 Apr’16 | Stove Campbell | 35,200 | Kandla | USA | N/A | Sh Scrap |
| Total | 3,43,800 |
Source: SteelMint Stats, Custom
Provisional Data
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