On October 19, SteelOrbis reported that ex-UK and ex-EU containerized shredded scrap import offer prices to India were trending stable at $355-360/mt CFR and $335-340/mt CFR for containerized HMS I/II 80:20.
Sources inform SteelOrbis that for the week ended October 26 containerized shredded scrap import offers ticked up $5/mt to expand the top of the previous range to $355-365/mt CFR. Although, sources report that some purchases achieved discounts ending in “slightly sub-$350/mt CFR levels” as buyers proceed with caution.
HMS I/II 80:20 containerized scrap, on the other hand, widened down the bottom of the range by $5/mt to $330-340/mt CFR.