Home / Metal News / Precious Metals / India's containerized shredded scrap import prices drop to below $400 a ton
India's containerized shredded scrap import prices drop to below $400 a ton
Jul 7,2014 13:18CST
industry news
Source:SMM
India's containerized shredded scrap import prices dropped to below $400 a ton in the week ended July 4th, as per TSI reports.

INDIA July 07 2014 9:25 AM MUMBAI (Scrap Register): India's containerized shredded scrap import prices dropped to below $400 a ton in the week ended July 4th, as per TSI reports.

According to TSI, containerized shredded index for Indian imports fell by 3 a ton week-on- week to finish at $399 a ton CFR West Coast port as the market cooled off a little.

This was probably to be expected given the monsoon season finally kicked off at the beginning of the month, hindering construction activity, whilst the rupee also suffered a slight depreciation against the dollar thus reducing the purchasing power of scrap importers. Scrap was heard purchased from the Middle East, Europe and the US.

 

The Steel Index (TSI)

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn