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Indian ferrous scrap import prices keep rising

March 10, 2010 - 15:21 GMT Location: London

KEYWORDS: India , import , ferrous , scrap

Indian ferrous prices shot up again this week and, as finished products prices increased, buyers accepted prices of $400 per tonne for scrap, merchants said

Shredded material traded at $390-410 per tonne cfr Nhava Sheva, up from $370-385 per tonne last week. Offer prices rose even higher, market participants said. “The international scrap market is on fire. The EU and US scrap suppliers are now asking for $415-425 per tone cfr Nhava Sheva for shredded in containers,” an Indian importer...

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