India: Steel mill books 40,000 t bulk ferrous scrap cargo from USA

  • Imported scrap offers into India fell further in recent round of deals, as per sources.
  • Around 40,000 t of bulk shredded scrap cargo has been booked from the USA. The cargo was booked at around $400/t CFR Chennai.
  • India’s ferrous scrap imports stood at 3.78 mnt in CY’21

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