India’s ferrous scrap import market remained silent amid skyrocketing prices, which impacted buying interest. Market participants are expecting the market to remain inactive.
- SteelMint’s assessment for UK/EU-origin shredded material are at $520-525/t CFR Nhava Sheva, down $2/t against last week.
- A few deals for 2000 t of South African HMS (80:20) have been concluded for Chennai. However, only limited deals in the market were heard due to costlier materials.
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