Indian mill booked 3500t Busheling bundle scrap at $302/t; Bidding for Shredded scrap

A major stainless steelmaker booked 3,500 t of Busheling bundle scrap earlier this week, at $302/t CFR Nhava Sheva basis, after returning to market for imported scrap bookings for the first time post-lockdown, and are bidding for 6,000-7,000t of Shredded 211 at $277-278/t CFR Nhava Sheva basis. Currently containerized-shredded offers are range-bound between $275-284/t CFR Nhava Sheva.