INDIA IMPORT SCRAP: Prices move up but mood remains subdued

The price of shredded ferrous scrap imported into India has risen for the second consecutive week following the appearance of higher offer prices on the market, sources told Fastmarkets on Friday July 12.

Fastmarkets’ weekly assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $319.09 per tonne on July 12, up from $316.27 per tonne a week earlier. Once again, this week no deals were reported to Fastmarkets, but offer prices ranged from $315 to $326 per tonne cfr, up from $310-325 per tonne...

Published

Carrie Bone

July 12, 2019

16:12 GMT

London