Container scrap market livens up, Indian buyer back

摘要

Containerized scrap business has become more regular this week, with Indian buyers being emboldened by the stronger Rupee to make purchases from the UK and Europe, sources said Wednesday. A major recycler was offering $400/ mt CFR Nhava Sheva and $405/mt CFR Chennai for shredded scrap. Sales to Nhava Sheva were still possible at $400/mt CFR for shred Wednesday, according to suppliers, although Chennai's demand was weaker.