The price of shredded ferrous scrap imported into India rose for the third consecutive week, mirroring the uptick in Turkish scrap prices, market participants said on Friday February 8.
Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $342.67 per tonne cfr on February 8, up by $14.26 per from $328.41 per tonne cfr Nhava Sheva on February 1.Deals heard for shredded material increased again this week, with transactions reported to Fastmarkets MB at $340 and $345 per tonne cfr compared with at $330 per tonne cfr and $332 per tonne cfr last week. Reported offers exceeded $345 per tonne cfr toward the end...