Platts corrects TSI Shredded Scrap CFR Nhava Sheva India rationale for Feb 13

Platts, part of S&P Global Commodity Insights, has corrected the rationale for Indian Shredded Scrap for Feb. 13.

The daily TSI Shredded Scrap CFR Nhava Sheva assessment on Feb. 13 was not impacted by the correction.

The corrected rationale should read as follows:

Platts assessed imported Indian containerized shredded scrap at $372/mt CFR Nhava Sheva Feb. 13, unchanged on the day.

Indicative tradable values for containerized shredded scrap were reported at $370-$375/mt CFR Nhava Sheva, clustering towards the lower end of the range.

A buyer's tradable values for containerized shredded scrap were reported at $365/mt CFR Nhava Sheva.

A seller's tradable value for containerized shredded scrap was reported at minimum $380/mt CFR Nhava Sheva and offers for containerized shredded scrap were reported at $380-$385/mt CFR Nhava Sheva.

No data was excluded from the assessment.

Platts is part of S&P Global Commodity Insights.

This rationale applies to symbol(s) <AAXRQ04>.

The Platts India shredded ferrous scrap assessment is published in SBB Steel Markets Daily and on Platts Connect.

Platts also publishes the daily frequency assessment on fixed pages PMA1326 and STL1326.

The related monthly average assessments are published on the fixed pages PMA1362 and STL1362.