Tag: UK scrap import
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India-bound scrap freight rates recover w-o-w on tighter vessel availability despite weak import demand
Freight strengthens amid carrier rate hikes and capacity constraints Persistent bid-offer gap keeps India’s scrap imports under pressure India-bound ferrous scrap container freight rates strengthened in the week ended 16 July amid carrier actions and tight capacity. However, a wide bid-offer gap, poor import economics, and renewed geopolitical tensions continued to weigh on buying interest,…