This week, offered prices for European shredded scrap were at $525-530/t CFR. Foreign HMS 1&2 (80:20) was available at $410-415/t CFR. A contract for HMS 1&2 in bundles from Hong Kong was signed at $420/t CFR this week for October shipment.
Traders expect prices to bounce back in India as soon as demand improves in Turkiye.
Comments
No comment yet.