Shredded scrap tags to India off again
Jun 13, 2014 | 03:42 PM
| Sean Davidson
NEW YORK Prices for U.S. containerized shredded scrap exported to India slipped for a second consecutive week as demand continued to drop.
Indian mill buyers cited slow production rates during the countrys imminent monsoon season and struggling finished product prices as their key reasons for lower prices this past week.
Market participants reported export sales of shredded scrap in a range of $394 to $404 per tonne c.f.r. Nhava Sheva, down between $1 and $3 per tonne from previous levels.....
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