The price of shredded ferrous scrap imported into India fell further this week, reflecting continued poor demand, sources told Fastmarkets.
Fastmarkets' weekly index for containerized imports of shredded scrap into India fell to $318.38 per tonne cfr Nhava Sheva on Friday June 14 from $324 per tonne cfr Nhava Sheva on June 7. This is the third consecutive week-on-week drop. There were no deals heard this week for shredded but offer prices were in a...