Metal Bulletin’s weekly index for containerized imports of shredded scrap into India was $381.27 per tonne cfr Nhava Sheva
on April 13, down by $4.72 per tonne week-on-week, compared with $385.99 per tonne cfr last week. It was the fourth consecutive week to show a fall in price.
Shredded scrap was said to be available at $380-385 per tonne cfr Nhava Sheva on Friday, with deals heard at the end of the week at $382 per tonne cfr for 12,000-13,000 tonnes of material and at $380-385 per tonne cfr for 500 tonnes of UK-origin material.
Shredded scrap deals concluded earlier in the...