Import scrap prices in India, Pakistan keep climbing as customers accept higher levels

Prices for imported steel scrap in India and Pakistan continued to grow in the week to Friday January 14. The fact that customers accepted higher levels in deals was the main reason for the growth of prices.

India
The most significant increase was seen in the HMS scrap segment in India.
Fastmarkets’ weekly price assessment for steel scrap, HMS 1&2 (80:20 mix), import, cfr Nhava Sheva, India, was $465-480 per tonne on Friday, up by $15-25 per tonne from $440-465 per tonne on January 7.

A cargo of HMS1&2 material from West Africa was reported traded to the country within the range of $465-470 per...

Published

Vlada Novokreshchenova

January 14, 2022

16:04 GMT

Dnipro