Scrap import offers to India

Friday, 25 January 2019 22:42:29 (GMT+3)   |   San Diego

On December 21, SteelOrbis reported ex-UK and ex-EU containerized shredded scrap import offer prices to India at $335-340/mt CFR with limited deals reportedly at $330-333/mt CFR.

Sources inform SteelOrbis that prices are presently at $325-330/mt for shredded scrap, a price that reportedly has remained stable for the past two weeks. Shredded prices decreased $5/mt from the bottom of the previous range and $3/mt from the top of the same range. A source noted limited trades in the region and the beginning of upward pressure on HMS scrap offer prices “that could also support an upward push on shredded scrap price offers.” HMS scrap prices were not provided at time of publication.

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