India’s scrap import market continues to witness limited trading, as per SteelMint reports. Indian buyers are less interested in booking imported scrap and trades slowed down due to falling steel margins.
- SteelMint’s biweekly assessment for UK/Europe-origin containerised shredded scrap stands at $540-545/t CFR Nhava Sheva, up by around $5/t against the end of last week. Sources informed that there are only limited bids at present, lower by $10/t compared with prevailing offers.
- Assessments for UAE-origin HMS 1 are now at $485-490/t CFR, while assessments for HMS 1&2 (80:20) are at $470-475/t, CFR.
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