- Indian steel mills have turned more or less inactive in booking ferrous scrap from overseas due to the recent drop in semi-finished and finished steel prices, SteelMint understands.
- UK/EU-origin shredded scrap offers in containers are at $555-560/t CFR Nhava Sheva, up $5-10/t on the week.
- UAE-origin HMS 1 is being quoted at $505/t CFR, largely stable compared to last week.
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