The price of shredded ferrous scrap imported into India was stable this week, with traders waiting until after the Diwali religious festival to resume transactions, sources told Fastmarkets on Friday November 2.
Fastmarkets' weekly index for containerized imports of shredded scrap into India was $355.52 per tonne cfr Nhava Sheva on November 2, down only slightly from $355.67 per tonne cfr Nhava Sheva on October 26.Offers of shredded material ranged from $350 to $360 per tonne cfr Nhava Sheva, with some deals done within this range.But the...