INDIA April 28 2016 11:42 AM
MUMBAI (Scrap Register): India containerized shredded scrap import prices shot up by $15 a ton week-on-week during the week ended April 08, while India's major plastic scrap prices on Scrap Register Price Index showed a down trend.
According to TSI, containerized shredded index for Indian imports rose by $15 a ton to finish the week at $238 a ton CFR Nhava Sheva port.
Similar to Turkish mills, Indian mills have received much higher offers given the strength of the US and Turkish steel markets, and so have been forced to pay more to secure material.
The major plastic scrap commodities remained lower on Scrap Register Price Index during the week. The plastic scrap commodities like HD Blowing, HD Moulding (Colour), LLDP Blowing, PVC pest grade and PVC resin desi traded down during the week.
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