Exporters, India mills struggle on scrap prices
Oct 18, 2013 | 04:52 PM
| Sean Davidson
NEW YORK Indian steel mills continue to resist high offer prices for containerized scrap, and the resulting impasse has affected traded volumes.
More mills have found common ground on prices for heavy melt scrap, but a wide gap on bids and offers resulted in very few sales of shredded scrap this past week, market participants said.
Bids and offers for an 80/20 mix of No. 1 and No. 2 heavy melt ranged from $340 to $350 per tonne c.f.r. Nhava Sheva, with several trades reported in a range of $345 to $348 per tonne and a few falling on either side of that range.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.