- Major mills have booked three bulk scrap cargoes from the USA last week for May shipments, sources shared with SteelMint.
- The booking price was heard at $680-685/t CFR Chittagong for HMS and shredded material.
- Fresh offers for US-origin bulk shredded cargoes have fallen, tracking decline in freight rates. Offers are now at $670-675/t CFR Chittagong.
- Bulk scrap imports jumped 116% to 0.41 mnt in March against 0.22 mnt a month ago.
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