Containerized scrap export prices to India dip
Dec 07, 2012 | 04:01 PM
| Sean Davidson
NEW YORK U.S. export prices for containerized ferrous scrap softened slightly this past week as mills in India and some Far East Asian countries continued to battle weak regional markets for finished products.
Containerized scrap export prices fell between $5 and $12 per tonne compared with sales completed around the third week of November, market participants said.
A week-long impasse between U.S. exporters and buyers for Indian mills ended after the Indian rupee strengthened against the dollar.
U.S. exporters and Indian importers reported transactions in a range of $415 to $418 per tonne c.f.r. for containerized shredded scrap delivered to Mumbais Nhava Sheva port, down from a mid-November range of $424 to $430, after which U.S. shipments to India halted as buyers there bid between $400 and $410 per tonne (amm.com, Nov. 27).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.