The price of shredded ferrous scrap imported into India moved up again this week on a lack of available material, sources told Fastmarkets on Friday April 26.
Fastmarkets' weekly index for containerized imports of shredded scrap into India inched up to $334.65 per tonne cfr Nhava Sheva on Friday, from $332.25 per tonne cfr one week before.There were very few deals heard in the market for shredded scrap this week, but offer prices went as high as $340 per tonne cfr, up from $338 per tonne cfr last week, with the lack of material cited as...