The price of ferrous scrap imported into India has continued to fall after changes in exchange rates made imports unviable, sources told Fastmarkets on Friday March 20.
Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $291 per tonne on Friday, down from $297.50 per tonne one week earlier."I have not heard any bids from mills. It looks like they are not interested in purchasing," a market source told...