INDIA IMPORT SCRAP: Prices fall as demand stays flat

Prices for imports of containerized shredded scrap into India have dropped by almost $10 per tonne this week because demand has been flat, sources told Metal Bulletin on Friday July 13.

Metal Bulletin’s weekly index for containerized imports of shredded scrap into India dropped by $9.39 per tonne to $371.12 per tonne cfr Nhava Sheva on July 13, from $380.51 cfr Nhava Sheva on July 6. Shredded prices have remained range-bound since early June in the renge of $380-382 per tonne cfr Nhava Sheva, with little change between June 8 and July 6. One deal for UK-origin shredded was heard at $370 per tonne cfr Nhava Sheva this week, while offers were in the range of $370-375 per tonne cfr, down from last week’s range of $380-387 per tonne...

Published

Carrie Bone

July 13, 2018

15:10 GMT

London