INDIA | Ferrous Metal

Ferrous Scrap

• Shredded scrap CFR Nhava Sheva rose to $400.91/t.
• HMS 1&2 increased to $355–380/t CFR.
• Local shortages and expected post-monsoon construction activity supported restocking.
• Buyers remained cautious at higher international prices.

Coking Coal

• Indian buyers largely remained on the sidelines.
• High seaborne prices and weak steel margins reduced purchasing appetite.
• Declining inventories could eventually force mills to resume buying.

Steel Plate

• Heavy plate exports increased to $670–680/t FOB India.
• Imported heavy plate rose to $535–540/t CFR India.