Market sources report SteelMint that few deals of HMS-1 have heard to be concluded at $415/t, CFR Kandla port. Though quantities have not been large as buyers are unwilling to stock.
Sources also report SteelMint that there are few transactions on Eastern coast of India at $418-420/t, CFR Vizag for HMS-2.”Buying interest is not very strong, deals are taking place in small quantities. Induction furnaces located on coastal region are only ordering.” said a scrap dealer based in Vizag.
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