India: Imported scrap prices rise by $10-15/t in recent deals

  • India’s imported scrap market gradually resumed bookings after domestic substitute prices increased.
  • 1,000 t of HMS-1 deals in containers from the UAE were heard at $540/t CFR Nhava Sheva and around 500 t material booked at $535/t CFR Mundra basis.
  • Dubai-origin HMS-1 offers are at $535-540/t CFR Nhava Sheva, up by $12/t d-o-d.

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