The latest deals for containers of steel scrap imported into Bangladesh over the past seven days have shown small price increases from deals in the previous week, sources told Fastmarkets on Thursday June 10.
An accident at Kaohsiung port, Taiwan, in which a tower crane collapsed on Thursday June 3 will likely have minimal impact on discharge rates for containerized ferrous scrap in the coming days, market sources told Fastmarkets.
Import prices for ferrous scrap in Vietnam surged during the week to Friday May 14 amid bullish sentiment in the spot market among scrapyards, steel mills and traders.
TAIWAN STEEL SCRAP: Stable demand continues to push prices higher Strong demand for containerized ferrous scrap into the key import market of Taiwan has continued to push prices higher, sources told Fastmarkets during the week to Friday March 5.
Transactions for containerized ferrous scrap were made at higher prices, increasing to $430-435 per tonne cfr Taiwan on Tuesday. There were transactions heard concluded at $430, $433 and $435 per tonne cfr Taiwan by major buyers by Thursday.
Prices increased further by late.
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Budget21-22 must set aside threat for India becoming dumping ground for global Al scrap
By IANS |
Published on
Wed, Jan 27 2021 14:03 IST |
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Union Finance and Corporate Affairs Minister Nirmala Sitharaman presents the Union Budget 2019 in the Lok Sabha, on July 5, 2019. (Photo: IANS/LSTV). Image Source: IANS News
New Delhi, Jan 27 : India has been caught in a pincer by a torrent of cheap inflow of aluminum and scrap imports majorly from China as well as the United States.
In FY20, there has been a 327 per cent increase in the imports of aluminium scrap from US into India compared to the levels in FY15.