You are here: Home > Steel News > Latest Steel News > Tata...

Tata International expands scrap operations to Baltic region

Monday, 18 March 2024 11:53:12 (GMT+3)   |   Istanbul
       

Mumbai-based Tata International will start exporting scrap from a new hub in Lithuania.

According to market sources, the Lithuania operation is expected to collect scrap mainly from the Baltic countries and Scandinavia. The initial target is to ship at least one cargo per month. The cargoes will consist of HMS grade, shredded and bonus quality scrap and possibly busheling scrap as well.  Hence, Tata International will be the only company to procure scrap from the United Kingdom, continental Europe and the Baltic region. Tata International is expected to diversify scrap grades via the ports of Lithuania and Amsterdam.

SteelOrbis has learned that the company, which made its first scrap sale to Turkey in the second quarter of 2023, has sold six cargoes in total to Turkey from the United Kingdom and continental Europe. Tata International also sells container-based scrap cargoes to the Indian subcontinent and short sea scrap cargoes to North Africa from some regions in Europe.

While company officials declined to comment on this new development, it is also known that Tata International continues working on opening up new ports in different destinations.


Tags: Europe 

Similar articles

Global View on Scrap: Turkish and Asian markets move sideways

12 Jul | Scrap & Raw Materials

Turkey’s domestic scrap prices unchanged on lira basis

12 Jul | Scrap & Raw Materials

Turkey’s iron ore imports increase by 56 percent in January-May

12 Jul | Steel News

Montenegro’s EPCG opens tender to lease Zeljezara Niksic steel plant

12 Jul | Steel News

Turkish merchant bar export prices trend up

12 Jul | Longs and Billet

Effect of electricity tariff hike on Turkey’s steel production costs to be limited, but still to impact margins

11 Jul | Steel News

Turkey resumes ex-China billet purchases amid attractive prices

11 Jul | Longs and Billet

Turkish domestic rebar spot prices rise further in local currency

11 Jul | Longs and Billet

Domestic and some import plate offers decline in Turkey

11 Jul | Flats and Slab

Iskenderun-based Turkish mill increases its rebar price

11 Jul | Longs and Billet