Imported scrap deal to India remain absent as buying and selling price gap continue to remain wide. Shredded offers remain high at USD 230-235/MT, CNF Nhava Sheva. Importers’ interest in Indian market is still low as Turkey buying improved post EID holidays. HMS 1&2 offers in Turkey are assessed at USD 210-215/MT, CFR and shredded scrap at USD 220-225/MT, CFR.
Present shredded offers to India are heard at USD 230-235/MT CNF. But, buyers counter offers at USD 205-215/MT. Limited trade from Dubai also reported by smelters at USD 210-215/MT for July end shipments. Few ports based ready stock offer of HMS mix scrap is heard at USD 200-205/MT for Africa origin.
Few manufacturers and indenters also mentioned that trade may begin in July end for September deliveries.
Current imported scrap offers to India
| Region | Particular | Prices | W-o-W |
| CNF India | HMS(80:20), Europe | 210-215 | +5 |
| HMS-1, Middle East | 210-215 | +5 | |
| HMS-1&2, Middle East | 205-207 | +2 | |
| HMS-1&2, S.Africa | 210-215 | +5 | |
| Shredded, Europe | 225-230 | +5 | |
| Shredded, US | 225-230 | +5 |
Prices in USD/MT
Source: SteelMint Research
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