Mills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on Wednesday June 3.
Indian and Pakistani steelmakers increased their purchases of containerized scrap imports in recent weeks while Covid-19 lockdown measures eased and steelmaking operations ramped up in both countries.Fastmarkets heard that a steel producer in India booked a bulk cargo comprising 10,000 tonnes of heavy melting scrap 1&2 (80:20) and 20,000 tonnes of shredded scrap from the US West Coast at an average price of $280 per tonne cfr Kandla Port on...