India shredded scrap import price drop is limited by firm finished steel market

摘要

London—Indian shredded scrap import prices softened on the week, as buying activity slowed toward the end of the week, sources said. S&P Global Platts’ weekly Indian shredded scrap index was assessed at $455/mt CFR Nhava Sheva April 16, down $2.50/mt week on week. Market sources cited deals for 500 mt UK-origin shredded scrap at $455/mt CFR Nhava Sheva, and for 500 mt Australia/New Zealandorigin shredded scrap at $460/mt CFR, with both deals booked April 12.