Container scrap prices to India drop further

Sep 26, 2012 | 04:15 PM | Sean Davidson

Tags  ferrous scrap exports, scrap prices, container scrap, heavy melt, shredded scrap, Indian buyers, Sean Davidson

NEW YORK — U.S. export prices for containerized ferrous scrap to India have dropped $5 per tonne over the past week, according to market participants.

Buyers for Indian mills reportedly were negotiating shredded scrap deliveries in a range of $400 to $405 per tonne c.f.r. Nhava Sheva vs. the prior week’s range of $405 to $410 (, Sept. 20).

A few sources, however, reported transactions at $5 per tonne above and below the consensus $400- to $405-per-tonne range for shredded scrap delivered to Mumbai’s main port.....

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