The price of shredded ferrous scrap imported into India went down for the fourth consecutive week amid poor trading conditions, sources told Fastmarkets on Friday June 21.
Fastmarkets' weekly index for containerized imports of shredded scrap into India fell to $312.87 per tonne cfr Nhava Sheva on Friday, down from $318.38 per tonne cfr Nhava Sheva on Friday June 14.This is the lowest price to date this year and the fourth consecutive week of price decreases since May 31 when the price of shredded scrap was calculated at $330.40 per tonne cfr.Deals heard for shredded material this week ranged from $310-315 per tonne, compared with offer prices heard at $317-325 per...