The price of shredded ferrous scrap imported into India continued on a downward trend due to the year-end demand lull, market participants said on Friday December 28.
Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was calculated at $325.74 per tonne cfr Nhava Sheva on December 28, down from $331.98 per tonne cfr Nhava Sheva on December 21. "There are limited participants in the spot markets this week because many people are on vacation to celebrate Christmas and the...