Prices for containerized shredded scrap imports into India dipped this week after deals were done at lower prices with the market remaining weak, market sources told Metal Bulletin on Friday June 1.
Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $374.03 per tonne cfr Nhava Sheva on June 1. This was down by $8.87 per tonne, from $382.90 per tonne cfr on May 25.Several deals for UK-origin material were done at $375 and $377 per tonne cfr Nhava Shava but material was available in the market on offers as low as $370 per tonne with the same delivery terms."The market seems active [and] people are beginning to...