Tata International, based in Mumbai, has opened a scrap yard in Greece, marking the company’s first short-term sea scrap export location.
Tata has signed a long-term contract to export scrap with a Greek port. Turkey will only receive supplies from Vida Metal, a shredding facility in Greece, on behalf of Tata.
Tata will concentrate on shredded scrap rather than Greek HMS grades; the port in question is Thessaloniki. To begin with, the company wants to export one cargo every month and hopes to export between 50,000 and 60,000 metric tonnes of shredded scrap annually.
Tata International is also going to begin exporting scrap from a new hub in Lithuania on March 18. Market sources state that scrap is anticipated to be collected by Lithuanian operations primarily from Scandinavia and the Baltic region.
The first goal is to ship one cargo or more each month. The company now operates scrap bases in Lithuania, the Netherlands, the United Kingdom, and Greece.