India: SAIL Concludes Scrap Purchase Tender
...
Salem Steel Plant (SSP)- a unit of Steel Authority of India Limited (SAIL), a government of India undertaking had floated a global tender to procure 15,000 MT Shredded scrap.
According to market sources report to SteelMint, SAIL has concluded the tender. The tender fetched participation from about two companies.
The deal concluded was at around USD 385/MT, CFR. The price excludes the local freight to plant which is around INR 700-900/MT, port clearance charges of around INR 900/MT and import duty of 2.5%.
Indian imported scrap offers move up - With increase in global scrap prices, imported scrap offers to India have increased this week. Price assessment for Shredded scrap in containers is around USD 360-365/MT, CFR Nhava Sheva. Offers have increased by USD 10-15/MT, W-o-W.
According to sources, few trades for HMS 1 from Dubai and South Africa sold at USD 350/MT, CFR. While offers for HMS 1&2 (80:20) heard at USD 345-350/MT from UAE and UK. Central American HMS prices heard at USD 343-345/MT, CFR Nhava Sheva.
