India’s interest for bulk scrap import remains intact. 18th bulk vessel was reported to arrive at Chennai Port on 6 Jun’16 from USA.
SteelMint assessed that one scrap vessel named as Sentosa Bulker, carrying 25,130 MT is expected to get berth at Chennai Port on 9 Jun’16. India’s total scrap import in 2016 was recorded at 2.7 MnT, out of which 18.5% was contributed by bulk shipments.
Scrap bulk vessel in 2016
| Berth Date | Vessel Name | Quantity | Discharge Port | Origin | Buyers | Grade |
| 8 Jan’16 | Puget Sound | 22,800 | Kandla | USA | MTC/ASR/Electrotherm/ Varsana |
SH Scrap |
| 15 Jan’16 | Dl Pansy | 42,000 | Kandla | USA | Hariana 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 | 9,500 | Chennai | Japan | Kamachi | SH Scrap |
| 8 Apr’16 | Team Hope | 31,000 | Kandla | USA | ASR/ Mono Steel/ Gallant | SH Scrap |
| 14 Apr’16 | Cape Moreton | 27,500 | Chennai | USA | Kamachi | HMS/SH |
| 19 Apr’16 | Golden Gemini | 40,500 | Chennai | South Africa | Surya Dev | SH Scrap |
| 14 Apr’16 | Stove Campbell | 35,000 | Kandla | USA | MTC | SH Scrap |
| 19 Apr’16 | Fortune Epoch | 2,000 | Chennai | Japan | N/A | SH Scrap |
| 18 May’16 | Loch Melfort | 20,900 | Kandla | USA | Varsana | HMS |
| 18 May’16 | Loch Melfort | 9,000 | Kandla | USA | Electrotherm | SH Scrap |
| 6 Jun’16 | Sentosa Bulker | 15,130 | Chennai | USA | N/A | HMS |
| 6 Jun’16 | Sentosa Bulker | 10,000 | Chennai | USA | N/A | SH Scrap |
| Total | 467,630 |
Quantity in MT
Source: SteelMint Stats; Provisional data
Indian buying interest remains weak for imported scrap
Indian scrap importers prefer to stay out of the market owing to falling billet prices in domestic market coupled with availability of cheaper sponge iron (DRI).
Current offers for shredded scrap from US/Europe are assessed at USD 240-245/MT, CIF India, though buying interest remains low.
HMS scrap from South Africa and Middle East (24-25 tonnes) is available at USD 220/MT, CIF India.
Leave a Reply