Prices for containerized shredded scrap imports into India went up this week on better levels of demand, market sources told Metal Bulletin on Friday May 4.
Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $390.73 per tonne cfr Nhava Sheva on May 4, up by $5.58 week-on-week from $385.15 per tonne cfr Nhava Sheva last week.This week's price rise for containerized imports comes as buyers continue to return to the market after a recent lull in activity resulted in stagnant prices.Deals were heard at prices as high as $400 per tonne cfr Nhava Sheva for 1,200 tonnes from the UK, as well as one deal for 4,000 tonnes done at $390 per tonne and another at $393 per tonne cfr Nhava Sheva.UK-origin scrap was in favor this week, with the majority of deals done for such material. One seller said...