The price of shredded ferrous scrap imported into India went up on higher deals and offers heard this week but a correction is expected soon, market participants said on Friday February 15.
Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $345.50 per tonne cfr on February 15, up from $342.67 per tonne cfr on February 8.Deals for shredded material into India were heard at $345 per tonne and $350 per tonne cfr this week, an increase from the transactions reported to Fastmarkets MB last week at $340 per tonne and $345 per tonne cfr. Last week prices for India shredded material surged by $14.26 per tonne cfr week on week to $342.67 per tonne...