INDIA IMPORT SCRAP: Prices begin to stabilize but uncertainty remains

The price of shredded ferrous scrap imported into India was stable this week, with deals done at prices similar to last week, market participants said on Friday January 18.

Fastmarkets’ weekly index for containerized imports of shredded scrap into India was $318.73 per tonne cfr Nhava Sheva on January 18, little changed from $319.24 per tonne cfr Nhava Sheva on January 11. There were five deals for shredded material heard done this week at $316 and $320 per tonne cfr, prices similar to last week’s...

Published

Carrie Bone

January 18, 2019

16:22 GMT

London