Steel Exchange India Ltd a steel manufacturer based in Andhara Pradesh has ordered one shipment of imported scrap on Vizag port. Cargo is expected to reach on 24th September.
Company officials were not available for any comment, though if sources are to be believed deal had been done in the range of $385-390/t CFR Vizag Port (in bulk).
Over all scrap market remains unchanged. Indian steel mills gradually showing interest in securing some stock. Last deal for HMS 80:20 was heard at around $405/t CFR Mumbai and shredded scrap from Europe was sold at around $422/t CFR Mumbai.
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