INDIA IMPORT SCRAP: Prices inch up but rupee remains weak

The price for shredded ferrous scrap imported into India inched up this week but trading remained subdued because of the week rupee, sources told Fastmarkets MB on Friday October 12.

Fastmarkets MB’s weekly index for containerized imports of shredded scrap into India increased to $358.92 per tonne cfr Nhava Sheva on Friday October 12, from $355 per tonne cfr Nhava Sheva one week ago. The import market moved up this week after a less volatile rupee encouraged more market activity compared with last...


Carrie Bone

October 12, 2018

17:30 GMT