Prices for ferrous scrap imported into India fell further this week following a downturn in global market conditions, sources told Fastmarkets on Friday September 6.
Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $278 per tonne on Friday, down by $13.20 per tonne from $291.20 per tonne a week ago.This week, offers for shredded scrap into India were reported at $265-$290 per tonne cfr, down from last week's $290-295 per tonne cfr, but no deals were heard on the market this week.Unable to sell, market participants have continued to lower their offer prices in the hope of...