Scrap
transactions in the western region of the world have slowed down due to festive
season this week. Very few sales have been made. Scrap suppliers are out of the
market because of the festive break (Christmas and New Year).
Offers
to India remain at $390-400/MT CFR for HMS (80:20) while shredded is being
offered at $405-410/MT CFR.
Further,
recent deal was closed for 13,000 MT of HMS (80:20), 10,000 MT of shredded
scrap and 2,000 MT of P&S (Plate & Structural) scrap to a finished
manufacturer in Turkey at $400/MT CFR Turkey.
According
to the sources, Turkish mills are
likely to return to market before New Year to procure some material. Suppliers
will be active for a while owing to the further procurement by mills for
January shipments.
Leave a Reply