According to port data maintained by SteelMint, 2nd Scrap bulk vessel in CY’2017 is reported at Kandla port from USA (Portland).
Vessel Elliott Bay carrying 26,820 MT steel scrap from USA and the vessel is expected to arrive at port on 2nd of January 2017.
In December alone 5 bulk vessel carrying 163,560 MT scrap discharged at Kandla port against only 2 scrap vessel in Nov’16 (85,100 MT).
As per sources around eleven bulk vessels were booked by Indian importers during September and October 2016 of which 7 arrived till Dec’16. Booking for the above shipment concluded at an average price of USD 240-250/MT CFR India.
One more scrap vessel of 25,960 MT is reported at Chennai Port, expected berthing of vessel in first week of Jan’17. Vessel Glorious Sunshine carrying 12,100 MT HM scrap and 13,860 MT SH scrap from USA.
Scrap demand is supported by rising coking coal price in international market, which has climbed sharply from 94/MT in July’16 to current 234/MT FOB Australia.
Scrap Bulk Import In FY17
| Berth Date | Vessel Name | Qantity | Discharge port | Origin | Buyers |
| 8 Apr 16 | Team Hope | 31,000 | Kandla | USA | ASR/ Mono Steel/ Gallant |
| 14 Apr 16 | Cape Moreton | 27,500 | Chennai | USA | Kamachi |
| 19 Apr 16 | Golden Gemini | 40,500 | Chennai | South Africa | Surya Dev |
| 14 Apr 16 | Stove Campbell | 35,000 | Kandla | USA | MTC |
| 19 Apr 16 | Fortune Epoch | 2,000 | Chennai | Japan | N/A |
| 10 May 16 | Yuan Hang | 6,500 | Kandla | China | N/A |
| 18 May 16 | Loch Melfort | 20,900 | Kandla | USA | Varsana |
| 18 May 16 | Loch Melfort | 9,000 | Kandla | USA | Electrotherm |
| 9 Jun 16 | Sentosa Bulker | 15,130 | Chennai | USA | Kamachi |
| 9 Jun 16 | Sentosa Bulker | 10,000 | Chennai | USA | Kamachi |
| 18 Jun 16 | Calima | 32,800 | Vizag | USA | MTC |
| 1 Jul 16 | Poavosa Wisdom | 19,800 | Kandla | Japan | N/A |
| 8 Jul 16 | Sunrise Bright | 27,500 | Chennai | USA | MTC |
| 19 Nov 16 | Merlin | 44,000 | Kandla | USA | N/A |
| 23 Nov 16 | Christine B | 41,100 | Kandla | Netherland | N/A |
| 8 Dec 16 | Jade | 42,000 | Kandla | South Africa | N/A |
| 18 Dec 16 | Nordic Dalian | 31,400 | Kandla | USA | MONO STEEL |
| 14 Dec 16 | Essex Strait | 40,990 | Kandla | Sweden | N/A |
| 18 Dec 16 | Marina L | 27,070 | Kandla | Australia | N/A |
| 28 Dec 16 | Cape Knox | 22,100 | Kandla | USA | N/A |
| 2 Jan 17 | Elliott Bay | 26,820 | Kandla | USA | N/A |
| 2 Jan 17 | Glorious Sunshine | 25,960 | Chennai | USA | N/A |
| Total | 579,070 |
Qty in MT
Source: SteelMInt Stats, Custom
Provisional Data
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