INDIA IMPORT SCRAP: Market uncertainty, logistics issues knock confidence

The price of ferrous scrap imported into India trended downward this week, with a combination of factors dampening sentiment, sources told Fastmarkets on Friday March 6.

Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $302.54 per tonne on Friday, down from $305.66 per tonne one week ago.
Deals for shredded were heard at $302 and $305 per tonne from UK and EU origins this week, down from $305 and $310 per tonne last week.

Freight rates recently increased by $10 per tonne due to the lack of available containers as a result of the novel coronavirus (2019-nCoV)...

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