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SCRAP PRICE INSIGHT REPORT

Latest scrap price information of this month also check latest price trend of scrap in the scrap market of india.

Mahavirsteelexpert
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SCRAP PRICE INSIGHT REPORT

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  1. ScrapInsight 30Mar2013 • Hence,MSTCplanstoderivecommercialandeconomicvaluethroughthispilotprojectworthRs120Crore. MSTC planstosetupShreddingPlantinIndia first Auto Toexecutetheplan,MSTC isapproachingbyfollowingpreparations:- Shreddedscrapisregardedasimportantinputmaterialforthesecondarysteelindustry.MetalScrapTradeCorporationLim-ited(MSTC)ispreparingtosetupIndia’sfirstofitskindAuto• ShreddingPlantfortheproductionofferrousandnon-ferrousshreddedscrap. MSTCinvitesExpressionofInterest(EOI)frominterestedpartiesforSupplyofrawmate-rialsinbulkonaregularbasisandJointventure • TheplantwillprocessesEndofLifeVehicles(ELVs)andotherWhiteGoodsforscrappro-ductioninaneco-friendlymanner Motivebehindsettinguptheplant: • InIndiaConstructionandautomobilesectorattractsthemajorsteelrequirement • Theoutputoftheplantwillbeconsideredastherawmaterialforsecondarysteelproduction • Butthecountrylacksorganisedauto-gradescrapshred-dingtechnologiesforprocessingofmetalscrapwhichre-sultsinpooryieldascomparedtointernationalstandards.• ProposedcapacityofthemainShreddingPlantisexpectedtobe40tonsperhour(TPH) • InIndiasecondarysteelproducersmakeuseofshreddedscrapforproductionofsteelbytheElectricArcFurnacemethodortheInductionFurnacemethod.Uptillnow•Scrapgoodswhichcontainsteelcanberecycledthroughthesemethods. Gujaratisselectedasthesetupsitefortheplantwithvariedrawmaterial(ELV&WhiteGoods)collectioncentersfromtheborderofAhmadabad,Mumbai,Kolhapur,IndoreandJaipur. FlowCharttounderstandAutoshreddingprocess: Iron RecyclingProcessandseparation whitegoods Copper (RawMaterials) Othermetals SurabhiSinghAnalystsurabhi@steelmint.com +919575100530 INR/USD54.62 54.32 53.8 54.28 *-ExMumbai,basicprices(INR/t) **-CNFMumbai(US$/t) ***-DeliveredMumbai,incld.Freight.CST&ExciseExtra

  2. ScrapInsight 30Mar2013 ScrapimportstoIndiamarginallyupinMarch2013 Indiaimportedtotalscrapofabout405000MTasonMarch19thupbyabout13000MTfrom392000MTason19thFeb.UnitedArabEmirates(UAE)leftbehindSouthAfricaasbecomingthehighestscrapimportingsourcetoIndiainthemonthofMarch. About58600MTofscarpwasimportedfrom01Feb’13to19Feb’13andabout63600MTofscrapbeimportedinthesamedurationofMarchfromUAE.Whereas,scrapimportsfromS.Africawasaround62300MTinFeb.and62100MTinMarchinthesamedurationasabove. IndianportJNPT hasregisteredamaximumhikeby24000MTscrapim-portsinbetween01March-19Mar-ch’2013to90700MT from66500MT inbetween01Feb-19Feb’2013. HowevermaximumscrapisimportedviaChennaiportinthesamedurationofFeb’13(about101500MT)andMar-ch’13(about101000MT)asabove. MENAScrapMarketRoundUpTURKEYinBrief: InthemidoftheMarchTurkishmillsweresuccessfulinfetchingscrapma-terialfromotherregionsonreceivinghigherscrapimportoffersfromUScounterpart.Turkishmillsareexempt- ingthemselvesfromanybulkbuyingofscrapinthelastweekofMarch.Theyaremoreconcernoversellingoffinishsteelproducts. GraphicalrepresentationofImportedScrap(CH-7204)inMTbyIndia ImportpricesforHMS1&2scrapgradecorrectedupto$394-396/MTCFRTurkishportsdownby$10/MTm-o-mbasis.,whereasA3gradescrapoffersfromCISregioncorrectedupto$361-363/MTFOBBlackseadownby$10/MTm-o-mbasis. 1Feb-19feb'131Mar-19Mar'13 Q400000 u antity W.Africa(Ghana)inBrief: 350000 300000 250000 200000 150000 100000 50000 0 TheParliamentofGhanahasadoptedareportoftheCommitteeonSubsidiaryLegislationthatbanstheexportofferrousscrapmetals.ThereportfeaturesFerrousScrapMetalsProhibitionofExportRegulations2013,LI.220. TheChairmanoftheCommitteeontheSubsidiaryLegislation,OseiBonsuAmoahensuresthatthisbanwillsecuretherequired quantitiesofthescrapmetalsforlocaloperatingcompanies.Ille-galexportsofscrapmetalfromGhanatotaled60millioncedis($40.1million)lastyeardeprivingtheWestAfricannation’ssteel- Countries makersoftheirmainsourceofrawmaterialaspersources.

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