UK export shred price sags, freight costs increase

摘要

The market for UK shredded scrap exports may suffer slightly during the next month as freight costs for containerized exports into India are set to increase by 6-10 dollars/mt. Traders reported a UK bulk sale last week at 483-485 dollars/mt CFR Chenai and an unconfirmed rumor of a sale done at 490 dollars/mt CFR. Another source reported containerized material sold at 493 dollars/mt CFR Nhava Sheva and 495 dollars/mt CFR Nhava Sheva this week, a level currently considered difficult to achieve.