INDIA IMPORT SCRAP: Prices move up on unforeseen boost from Turkey

The price of shredded ferrous scrap imported into India moved up this week with deals done at higher levels than last week, sources told Fastmarkets on Thursday April 18.

Fastmarkets’ weekly index for containerized imports of shredded scrap into India inched up to $332.25 per tonne cfr Nhava Sheva on Thursday, from $331.32 per tonne cfr one week before. This week, deals were heard for shredded scrap at $330, $334 and $335 per tonne cfr, up from $330 and $333 per tonne cfr last week. Offers this week were as high as $338 per tonne cfr, up from $337 per tonne last week, with improved Turkish scrap prices cited for...

Published

Carrie Bone

April 18, 2019

16:55 GMT

London