South Asia’s negative market sentiments extended silence among the participants despite the continuous fall in imported scrap prices. Due to the current LC-related issues with banks, owing to volatility in currency exchange rates, higher electricity tariffs, and limited gas availability, no deals have been heard to be concluded today in South Asian countries.
- SteelMint’s assessment of UK-origin shredded scrap stands at $455-460/t CFR Qasim, unchanged d-o-d.
- Shredded scrap prices into India stood at $460-465/t CFR Nhava Sheva, down by $5/t against yesterday’s price.
- SteelMint’s assessment of UK-origin shredded scrap stands at $485/t CFR Chittagong, unchanged d-o-d.
Leave a Reply