The price of shredded ferrous scrap imported into India fell this week due to reduced trading because of a festival in the country as well as continued weakness in the rupee, sources told Fastmarkets MB.
Fastmarkets MB's weekly index for containerized imports of shredded scrap into India moved down to $354.42 per tonne cfr Nhava Sheva on Friday October 19, from $358.92 per tonne cfr Nhava Sheva one week ago.Deals this week for shredded material took place at $350, $355 and $360 per tonne cfr Nhava Sheva, market participants reported, with offers for material ranging from $355...