[Scrap Steel] India containerized Shredded Scrap import prices slip

INDIA July 17 2015 9:40 AM

MUMBAI (Scrap Register): Indian containerized shredded scrap import prices slipped in the week ended July 10, while Indian plastic scrap prices on Scrap Register Price Index showed mixed trend.

The major plastic scrap commodities showed a mixed tread on Scrap Register Price Index during the week. The plastic scrap like HD blowing, HD moulding(colour), PVC resin desi, LLDP Blowing are traded up, while acrylic, C.P.W, hips(baff), PVC pest grade showed a down trend.

According to TSI, containerized shredded index for Indian imports fell by $1 a ton the week to $281 a ton CFR Nhava Sheva port.

Sentiment remains bearish in the country, although there has been a slight decrease in the amount of Chinese-origin semi-finished material owing to the import duty increase.

There is talk of this rising to 15%, which could be introduced at any time due to the caveat included in the February budget.