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India containerized Shredded Scrap import prices fall further to $307 a ton

iconFeb 11, 2015 15:30
Source:SMM
The containerized shredded scrap prices for Indian imports fell further by $13 a ton to $307 a ton CFR Nhava Sheva port in the week ended February 06, as per the latest figures from the Steel Index.
INDIA February 11 2015 10:31 AM
 
MUMBAI (Scrap Register): The containerized shredded scrap prices for Indian imports fell further by $13 a ton to $307 a ton CFR Nhava Sheva port in the week ended February 06, as per the latest figures from the Steel Index.
 
With global scrap prices falling across the board, led by a capitulation in the US market, India was all too happy to follow suit. 
 
Trade was once again thin as cheaper local scrap and billets from China and Russia continued to provide a lower cost route to finished steel. 
 
Scant domestic demand in India has been a major driver for the negative market sentiment currently prevalent and it now seems all eyes on the budget presented on the 28th of this month.
 
For Live Indian Scrap Prices Log on to Scrap Register
 
On Tuesday, prices of copper and nickel & alloy scrap slightly up , while tin scrap traded down as on Scrap Register Indian Price Index. Plastic scrap prices showed a mixed trend and aluminium, brass, zinc and lead scrap remained flat.
 
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
the Steel Index
India containerized shredded scrap import prices

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