Indian imported scrap buyers resumed bookings of bulk cargoes recently. Around 32,000 t of mixed bulk cargo was booked from USA. The cargo comprising 14,000 t of shredded, 10,000 t of bonus and 8,000 t of HMS 1&2 (80:20) was booked at an average price of $425-430/t CFR levels for two port discharges, Chennai and Kandla, sources informed. The drop in offers and weak buying in Turkey have made suppliers active in South Asian markets.
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