Indian ferrous scrap prices up in mixed mart
Apr 25, 2014 | 05:24 PM
| Sean Davidson
NEW YORK Indian import prices for containerized shipments of ferrous scrap gained a few dollars this past week as strong demand from specific regions helped offset the absence of any meaningful demand from other regions in the country.
Market participants reported stronger demand from mills in southern India, while buyers in northern India were absent following the weakening of the Indian rupee against the dollar.
Mill buyers in the south reported a busy week of trading despite the rupee losing some ground, noting that their push for volumes helped prices inch higher.
Buyers in southern India, along with sellers and traders from the United States and Europe, reported transactions of containerized shredded scrap in a range of $400 to $405 per tonne c.f.r. Nhava Sheva, up $3 to $5 per tonne from a week earlier.....
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.