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Prices for shredded steel scrap imported into Pakistan and India increased on Friday October 29, despite concerns over rising freight costs, sources have told Fastmarkets.
Fastmarkets has corrected its chromium price, in warehouse Rotterdam, which was incorrectly published on Friday October 29 due to an editing error.
Seaborne low-vol PCI prices in both the fob and cfr markets fell following the drop in thermal coal prices. And China’s National Development & Reform Commission intervention, plus the news that stranded Australian coal was allowed to clear Chinese customs, have put market participants in a wait-and-see mode.
Spot prices for imported ferrous scrap into the key Vietnamese market slipped in the week to Friday October 29, on weakening sentiment caused by sharp losses in the ferrous complex in China, sources told Fastmarkets.
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