Prices for containerized shredded scrap imports into India slipped this week as the monsoon season and a fall in domestic scrap prices kept the market subdued, sources told Metal Bulletin on Friday July 6.
Metal Bulletin's weekly index for containerized imports of shredded scrap into India edged down by $0.87 per tonne to $380.51 cfr Nhava Sheva on July 6, compared with $381.38 cfr Nhava Sheva on June 29.One deal for shredded was heard at $378 per tonne cfr Nhava Sheva, while other offers for shredded material were about $380-387 per tonne cfr."There is a lot of competition between sellers as there is not...