India: Ferrous scrap import prices down $10/t as trading remains dull

Import offers for shredded ferrous scrap in containers to India have dropped by $10/t today compared to the week ending 18 Jun’21. Trading remained dull and no transactions were reported. The market remains quiet and bids have declined, as per SteelMint reports.

• SteelMint’s assessment for UK/Europe-origin containerised shredded scrap stands at $530-535/t, CFR Nhava Sheva, down by $10/t against the end of last week.
• Assessments for UAE-origin HMS 1 are now at $480-485/t, CFR, and HMS 1&2 (80:20) at $480/t, CFR.