Shredded ferrous scrap import prices into India unchanged as buyers hold back

Nov 22, 2011 | 05:33 AM |

Prices for shredded ferrous scrap imported into India were unchanged this week as few buyers looked to acquire material in the face of a volatile US dollar to Indian rupee exchange rate.

Shredder material in containers is being offered at $440-445 per tonne cfr Nhava Sheva, unchanged from a week ago.

HMS 1&2 (80:20) is being offered around $400-420 per tonne cfr Nhava Sheva, down from $420-425 cfr a week ago. ....

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