INDIA November 11 2016 9:39 AM
MUMBAI (Scrap Register): India containerized shredded scrap import monthly average prices down 2.6 percent to $232.40 during the month of October.
Indian buyers were busy in October with a number of cargoes on offer early in the month. Despite booking activity, containerized scrap import prices (CFR Nhava Sheva port) fell $11 a ton to $230 a ton.
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Despite sentiment turning positive, the rest of the month saw domestic steel prices hold steady, ensuring scrap import prices remained close to the $230 a ton mark.
The Indian containerized market, which has seen trad