Prices for ferrous scrap imported into India have increased over the past week, supported by good demand, sources told Metal Bulletin on Friday September 7.
But despite the demand for both finished steel and ferrous scrap, buyers were cautious about making new deals because of the fluctuations in the exchange rate for the Indian rupee.Metal Bulletin's weekly index for containerized imports of shredded scrap into India increased to $354.60 per tonne cfr Nhava Sheva on September 7, up from $347.56 per tonne cfr Nhava Sheva a week earlier.Offers and...