Indian ferrous scrap prices fall again on uncertain outlook

Nov 01, 2011 | 10:46 AM |

Prices for ferrous scrap imported into India fell again this week on weak demand from buyers returning from the Diwali holiday and an uncertain outlook, market participants told MB. Shredded scrap in containers is being offered and sold at $440-450 per tonne cfr Nhava Sheva, down from offers of $448-450 cfr last week. A total of 1,000 tonnes of HMS 1&2 (80:20) was sold at $420 per tonne cfr Mundra to a....

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