INDIA IMPORT SCRAP: Prices down in weak market

The price of shredded ferrous scrap imported into India fell this week due to a lack of demand, sources told Fastmarkets on Friday July 19.

Fastmarkets’ weekly price for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $314.23 per tonne on July 19, down from $319.09 per tonne on July 12. Offer prices for shredded scrap moved down this week to $308-320 per tonne, from $315 to $326 per tonne last week. “There is not much interest in buying this week,”...

Published

Carrie Bone

July 19, 2019

17:00 GMT

London