Indian buys of US, EU ferrous scrap slow

Nov 30, 2009 | 12:35 PM | Silvia Antonioli

Higher ferrous scrap offers from U.S. and European suppliers have led India to cut the tonnage it buys, with just a few small deals done at the higher prices.

Offers quoted to Indian consumers rose by as much as $30 per tonne during the past 10 days. Small parcels of containerized shredded scrap have sold at $300 to $310 per tonne delivered to Nhava Sheva, up from bookings at $280 to $295 10 days earlier, market....

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