The price of containerized ferrous scrap imports into India dipped this week after a change in sentiment following the continued pause on trading, sources told Fastmarkets on Friday June 19.
Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $282.25 per tonne on Friday, down from $285.89 per tonne one week previous.Market sources had previously told Fastmarkets they were expecting purchases to resume soon but now confidence is beginning to wane, with mills sourcing material domestically due to its lower...