South Asia’s imported scrap market sentiments continued to show variations. India remained active in booking containerised scrap. Meanwhile, Bangladeshi buyers turned quiet due to heavy rains. Additionally, the disparity between bids and offers resulted in limited bookings in Bangladesh.
Owing to the material shortage and improving demand, buyers in Pakistan showed interest in booking shredded scrap at increasing rates.
- Around 500 t HMS (90:10) of New Zealand was traded at $435/t, CFR Chittagong. SteelMint’s assessment for UK-origin shredded scrap stands at $460-465/t CFR Bangladesh, down by $3/t d-o-d.
- A total of 2,000 t of shredded scrap deals were concluded at $440/t, CFR Qasim. SteelMint’s assessment of UK-origin shredded scrap stands at $440-445/t CFR, a slight increase of $4/t against yesterday.
- As per SteelMint’s assessment, the current price of shredded scrap stands at $440-445/t CFR Nhava Sheva, up by $3/t against yesterday.
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