India-based trading company Tata International will start exporting shredded scrap from Greece, according to market sources.
Although Tata declined to comment, Kallanish learns that Tata International has entered a long-term agreement with a port in Thessaloniki to export steel scrap.
Vida Metal’s shredding facility will work exclusively for Tata International to supply shredded scrap mainly to Turkey, while also eyeing the Indian market, Kallanish understands.
Tata’s new hub in Lithuania is meanwhile expected to collect scrap, mainly HMS, shredded, and bonus quality, from the Baltic countries and Scandinavia, and ship at least one cargo per month, mainly to Turkey.
Tata International currently sells scrap from the UK and the EU to Turkey, India and North Africa.
Burcak Alpman Turkey
