Prices for containerized shredded scrap imports into India increased while market conditions improved toward the end of the week, market sources told Metal Bulletin on Friday June 8.
Metal Bulletin's weekly index for containerized imports of shredded scrap into India moved up to $379.94 per tonne cfr Nhava Sheva on June 8, from $374.03 per tonne cfr Nhava Sheva on June 1. Many market participants reported improved sentiment and trading conditions this week, however some remained cautious, keeping offer prices unchanged from last week or preferring to wait until next week to trade.Prices picked up toward the end of the week, with offers for shredded material into Nhava Shava on Monday heard at $375 per tonne cfr, with deals heard done on Thursday at $380 and...