The price of shredded ferrous scrap imported into India corrected downward this week on a quiet market, sources told Fastmarkets on Friday May 3.
Fastmarkets' weekly index for containerized imports of shredded scrap into India moved down to $331.59 per tonne cfr Nhava Sheva on Friday, from $334.65 per tonne cfr one week previously.Deals heard on the market for shredded material were $330, $333 and $335 per tonne cfr, down from offer prices of $337 and $340 per tonne cfr last week.A buyer told Fastmarkets that there had been a...