South Asia: Imported scrap prices rangebound amid limited deals

Scrap importers in South Asia booked limited quantities and prices remained firm towards the closing of the week. The Bangladeshi containerised market is still muted while, in contrast, one more bulk deal from the US West Coast was heard concluded for around 15,000 t each of shredded traded at $420/t and HMS at $415/t CFR Bangladesh. However, these deals were yet to be confirmed till the time of publishing this report.

Recent deals

• 1,000 t of shredded scrap from Europe was traded at $455-460/t CFR Nhava Sheva.
  
  
• In another deal, 1,000 t of HMS scrap (UK-origin) was sold at $450/t CFR Chittagong.
  
  

SteelMint's price assessment

• UK-origin shredded scrap prices are at $455/t CFR Qasim, unchanged d-o-d.
  
  
• Europe-origin shredded scrap offers to India are at $455-460/t CFR Nhava Sheva.
  
  
• UK-origin shredded prices are at $470/t CFR Chittagong, stable d-o-d.