Containerized scrap prices hit by low interest
May 29, 2012 | 12:25 PM
| Sean Davidson
ROME U.S. East and West Coast export prices for containerized ferrous scrap dropped in the past week as sales volumes remained dismal, sources told AMM.
On the East Coast, exporters said there had been very few sales to India despite a drop of around $10 per tonne in shredded steel scrap offers to a range of $460 to $465 per tonne c.f.r. Nhava Sheva, India.
Indian buyers were looking for $450 per tonne last week due to historically low Indian rupee values against the U.S. dollar, sources said.....
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