INDIA IMPORT SCRAP: Trading activity pauses after Turkey price drop

The price of ferrous scrap imported into India dropped again in the week ended Friday January 31, while trading activity paused following a mid-week drop in international scrap prices, sources have told Fastmarkets.

Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.99 per tonne on Friday, down from $296.51 per tonne on January 24, marking the third consecutive week with a price fall.
A deal for UK shredded material into India was heard at the beginning of the week at $293 per tonne, but by the end of the week many traders reported being unable to find buyers even with offers as low as $285 per tonne.

A drop of almost $10 per tonne day...

Many new players enter TSXV gold Top 25 by market cap

Gold stocks mixed on moderate metal gain, flat equities

Gold stocks lead the large cap miners by far over H1/25

Gold stocks up as the metal price and equities gain

Mixed outlook for gold as it remains range bound for past three months