The price of shredded ferrous scrap was stable this week with many market participants on holiday to celebrate the Holi festival in the country, sources said on Friday March 22.
Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $335.75 per tonne cfr on March 22, largely unchanged from $335.29 per tonne cfr on March 15. This week deals were heard for shredded at $335 per tonne cfr Nhava Sheva, while offers were as high as $340 per tonne cfr.This week India celebrated the Holi festival, with...