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***BIR: Cfr India Fe scrap prices down again, mills still reluctant to accept prices

May 31, 2010 - 16:58 GMT Location: London

KEYWORDS: India , scrap , ferrous , imports

Prices for Indian scrap delivered to India have continued to fall as mills there reduced the amount of material they purchase and pushed for more reductions, market participants told MB on the sidelines of the Bureau of International Recycling (BIR) Convention in Istanbul.

The latest deals were sealed at $350-360 cfr India, down from bookngs made $370-380 cfr last week. One Middle Eastern supplier sold a cargo of HMS 1&2 (80:20) at $350 cfr Chennai, an Indian importer told MB. Middle East material is generally cheaper than European or traditional scrap, he explained. And Indian mills are...

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Ferrous

May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 08:53 SE Asia scrap prices down $15-20 as buyers await market cues
May 23, 2012 00:35 US recyclers facing bankruptcy filings

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