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Indian containerized shredded scrap import prices remain flat at $393 a ton-17 Sep 14

India containerized scrap import prices remained flat week-on-week at $393 a ton CFR Nharva Sheva port in the week ended September 12, as per the latest figures released by The Steel Index.

The finished steel market continued to be subdued in the midst of the Monsoon rains, whilst US and European origin offers for shredded remained stable around $395-400 a ton.

This was above the level most Indian buyers were willing to pay, meaning smaller packages of material were sourced from the Middle East and South Africa at a discount.

Source: Metal .com

Sep 17, 2014 15:11
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