US ferrous export prices to India pressured
Jun 15, 2012 | 03:42 PM
| Sean Davidson
NEW YORK U.S. export prices for bulk and containerized scrap to India are under pressure after British sales into Chennai pushed tags lower.
A bulk vessel hauling shredded steel scrap to Chennai from the United Kingdom sold at $430 per tonne c.f.r. Chennai, setting the tone for weaker containerized scrap tags, which fell significantly Friday.
A large international exporter on Friday sold 10,000 tonnes of containerized shredded scrap at $413 per tonne c.f.r. from its British location, effectively lowering the market by more than $10 per tonne from Thursdays price levels, one market participant said.....
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