The price of shredded ferrous scrap imported into India fell this week due to a lack of demand, sources told Fastmarkets on Friday July 19.
Fastmarkets' weekly price for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $314.23 per tonne on July 19, down from $319.09 per tonne on July 12.Offer prices for shredded scrap moved down this week to $308-320 per tonne, from $315 to $326 per tonne last week."There is not much interest in buying this week,"...