Following the global uptrend, imported scrap prices in India have also increased in recent bookings made. A major Indian steel mill has booked 5,000 t of containerised scrap early this week, sources have reported to SteelMint. The cargo comprises, 2,000 t of MS shredded scrap at $335-340/t CFR Vizag and 3,000 t of busheling bundle at $355/t CFR Vizag basis. Cargo has been booked from Australia, New Zealand, and UK.
Leave a Reply