NOTE: There will be no news and data updates over January 31-February 4 due to the Chinese New Year holiday.
UTC+8 ( BJT)

India imported scrap price down, buyers expect more dips

ABSTRACT

India's imported scrap market remained less active this week, as market insiders opt to wait and watch . The offers remained less workable for majority of the buyers due to price disparity when compared to domestic scrap.
In addition , most of the mills were procuring domestic material and not much active bookings of imported scrap were reported for this week. SteelMint's assessment for containerised shredded scrap stands at $530-535/t CFR Nhava Sheva. UAE-origin HMS 1 offers are at $485/t CFR Nhava Sheva levels and that for UK at

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