The price of ferrous scrap imported into India moved down this week after sentiment turned negative and market participants stepped back from trading, sources told Fastmarkets on Friday November 22.
Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $281.98 per tonne on Friday, down from $289.63 per tonne a week earlier, bringing a consecutive six-week upward streak to an end.Market participants said that, despite there being a...