INDIA IMPORT SCRAP: Prices continue to dip in line with international markets

The price of ferrous scrap imported into India continued to fall this week, in line with the drop in international scrap prices, sources told Fastmarkets.

Fastmarkets’ calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, was $296.51 per tonne on January 24, down from $313.61 per tonne on January 17.

Deals for shredded material into India were heard at the beginning of the week at $295 and $298 per tonne for UK material, down from $310...

Published

Carrie Bone

January 24, 2020

16:11 GMT

London