Southern India mills book second bulk ferrous scrap cargo in a week's time
Indian imported scrap buyers returned to bulk cargoes within a week as offers fell in another round of bookings. Around 40,000 t of shredded, PNS and busheling was booked from an Europe based supplier at an average price of $395/t CFR Chennai. The cargo is for July shipment. Nearly three bulk scrap cargo bookings were reported this week. India's ferrous scrap imports touched 3.78 mnt in CY'21