Copying and distributing are prohibited without permission of the publisher
Indian steel mills in shredded scrap impasse
August 04, 2014 - 06:26 GMT
India shredded scrap imports
India shredded scrap price
Indian steel mill imports of shredded scrap came to a standstill this past week following a huge divide in bid and offer prices.
Exporters and importers said the situation is likely to
continue for at least another week, with buyers seemingly
uninterested in chasing scrap amid a weak product environment.
A softening Indian rupee and a seasonal drop in steel
production rates and finished product demand has sent Indian
domestic steel prices down, leading Indian buyers to bid
$380-390 per tonne cfr Nhava Sheva for shredded scrap imports,
market participants said. Meanwhile, US and European exporters
refused to lower offer prices from $400-405...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to a premium subscription and benefit from more than 17 years of intelligence plus access to MB Company Data.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.