Prices for ferrous scrap imported into India were expected to fall due to the decline of prices in the international market, sources told Fastmarkets on Friday August 30.
Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.20 per tonne on Friday, down from $292.71 per tonne on August 23.Offers of shredded scrap from Europe and the UK have been reported at $290-295 per tonne cfr, narrowing downward from last week's offers at $290-300 per tonne cfr.A few deals for similar material were heard at $290-292...