The price of shredded ferrous scrap imported into India fell further this week, with fresh deals bringing the index to a year-to-date low, market participants said on Friday December 21.
Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $331.98 per tonne cfr Nhava Sheva on December 21, down from $337.50 per tonne cfr Nhava Sheva on December 14. Continued poor finished sales in the country have caused the price to fall to its lowest to date this year.Deals for a collective 18,000...