ASIA STEEL SCRAP DIGEST: India prices down again on muted demand

Prices in the Indian import steel scrap market have dropped in recent days amid continued weak demand in the country, while power shortages are constraining Chinese scrap demand, market sources told Fastmarkets.

Weak demand in India continues to pressure pricesChina's restrictions on power usage depress buying interests furtherTaiwan secures containerized scrap cargoes at $465 per tonne cfrIndia
Prices for imported shredded scrap in containers continued to inch down in the Indian import market in the week to September 29, with demand remaining subdued.
A deal for containerized shredded scrap was heard concluded at $517 per tonne cfr in the week, down from a deal heard at $522 per tonne last week.

Mills were heard bidding for imports of shredded at as low as $500-510 per tonne cfr Nhava...

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