INDIA IMPORT SCRAP: Shredded prices fall with market unsure of direction

Prices for containerized shredded scrap imports into India went down this week with the weakness of the rupee against the dollar putting buying activity on hold, market sources told Metal Bulletin on Friday May 11.

Metal Bulletin’s weekly index for containerized imports of shredded scrap into India was $385.94 per tonne cfr Nhava Sheva on May 11, down by $4.79 week-on-week from $390.73 per tonne cfr Nhava Sheva last week. There were fewer deals heard on the market this week because market participants were holding back to see what would happen with the exchange rate. Deals were heard at $390 per per tonne cfr Nhava Sheva...

Published

Carrie Bone

May 11, 2018

18:18 GMT

London