India’s retreat drives scrap export offers lower
Dec 13, 2012 | 05:02 PM
| Sean Davidson
Tags
ferrous scrap,
scrap exports,
containerized scrap,
scrap prices,
heavy melt,
shredded scrap,
Sean Davidson
NEW YORK — U.S. ferrous scrap export tags to India were pressured again this week after currency markets forced buyers to retreat for the second time in a month.
U.S. exporters and market participants in India reported offer prices in a range of $410 to $420 per tonne for containerized shredded scrap delivered to Mumbai’s Nhava Sheva port. Offers for containers of an 80/20 mix of No. 1 and No. 2 heavy melt scrap were reported about $15 below that level.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here