India imported containerized scrap prices slump in January

INDIA February 10 2017 3:03 PM

MUNBAI (Scrap Register): Indian scrap markets swiftly followed the Turkish price down, the US price has however remained elevated, with market participants expecting February to be down between $30-$40 a long ton.

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The Indian market for imported containerized scrap slumped with the Turkish market towards the end of the month. Prices fell from $285 a long ton to $235 a long ton.

High prices kept the market subdued, but there is optimism that buying will increase at these new lower price levels.