Import offers for shredded ferrous scrap in containers to India have increased by $10/t today compared to the week ending 11 Jun’21. A 1,000 t deal was reported for UK-origin shredded at $535/t, CFR Nhava Sheva. SteelMint’s bi-weekly assessment for containerised shredded scrap of UK-origin stands at around $535-540/t, CFR Nhava Sheva. Limited offers on tight material availability, higher freight rates and longer delivery times are some of the major concerns for Indian mills, SteelMint notes.
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