A prominent Indian steelmaker has booked around 2,000 t of MS shredded scrap in containers at $440/t CFR Mundra and around 2,500 t of a busheling bundle at $475/t CFR Vizag basis, sources have reported to SteelMint. Imported scrap prices in India have risen by around $30 w-o-w, however, buyers have turned cautious on the sharp price rally.
Leave a Reply