The price of containerized ferrous scrap imports into India maintained its upward momentum in the week to Friday June 5, as activity returned to the market, sources told Fastmarkets.
Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $278.58 per tonne on Friday, up from $275.21 per tonne a week earlier.There is a shortage of shredded material in the UK due to the lockdown there, in addition to the United Arab Emirates' export scrap ban. The...