A large Indian steel mill has booked around 1,500 t of shredded scrap in containers recently on high seas, as per SteelMint reports. The deal was concluded for UK/Europe-origin shredded scrap at $510/t, CFR Nhava Sheva, sources confirmed. The price has increased by around $5-10/t w-o-w. A few deals for heavy melting scrap (HMS) of Kuwait origin were also heard to have been concluded at $475/t, CFR India.
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