The price of shredded ferrous scrap imported into India dropped by $6 per tonne this week, reflecting a souring of market sentiment, sources said.
Fastmarkets MB's weekly index for containerized imports of shredded scrap into India went down by $6.56 per tonne to $325.03 per tonne cfr Nhava Sheva on Friday May 10 from $331.59 per tonne cfr Nhava Sheva a week previously.Deals heard on the market for shredded material were at $325, 326 and $327 per tonne cfr, with offer prices as low as $323 per...