South Asian buyers remained active in booking containerised imported scrap even as prices picked up further. Offers for all key countries have seen a further hike today on active demand and supportive price sentiments from Turkey.
- Around 3,000-4,000 tonnes (t) of shredded scrap was booked at $435-440/t CFR, Qasim basis. SteelMint’s assessment of UK-origin shredded scrap stands at $438/t CFR Qasim, a slight increase of $8/t against yesterday.
- As per SteelMint’s assessment, current price of HMS 1 stands at $455-460/t CFR Nhava Sheva, up marginally against yesterday.
- SteelMint’s assessment for UK-origin shredded scrap stands at $465/t CFR Bangladesh, up by $7/t d-o-d.
All prices mentioned are that of containers and bulk*
T1- Transaction, T2- Bids/Offers/indicative
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