The price of shredded ferrous scrap imported into India remained stable this week because the Diwali religious festival mid-week meant that there was no trading, sources told Fastmarkets on Friday November 9.
Fastmarkets' weekly index for containerized imports of shredded scrap into India was $355.30 per tonne cfr Nhava on November 9, down only slightly from $355.52 per tonne cfr Nhava Sheva on November 2.There were no deals heard in the market this week for shredded material because of Diwali on November 7, with few participants returning to the market on Thursday and Friday. Many...