SteelMint

Tag: India imported scrap

  • India: Imported scrap offers fall on lower bids

    India: Imported scrap offers fall on lower bids

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    by

    Deepika Singh
    in

    India’s imported scrap market remained lull for yet another week. The fall in domestic scrap prices resulted to a slowdown in imports. SteelMint’s assessment for shredded scrap stands at $650/t CFR Nhava Sheva, down $5-10/t d-o-d. Similarly, HMS (80:20) from West Africa-origin stands at $540-550/t CFR Nhava Sheva, a drop of $5/t d-o-d.