The price of ferrous scrap imported into India in containers moved up in the week to Friday July 24, despite market expectations for demand to remain subdued until later in the year, sources told Fastmarkets.
Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $285.96 per tonne on Friday, up $4.50 from $281.46 per tonne a week earlier."Exports are supporting the Indian market. [Scrap] buying is...