India: Shredded scrap import prices remain stable

India’s scrap import market has remained silent on subdued trade.

• SteelMint’s bi-weekly assessment for UK/Europe-origin containerised shredded scrap stands at $530-535/t CFR Nhava Sheva, stable against the end of last week. However, no deals were finalised at this price level.
• Assessments for UAE-origin HMS 1 are now at $480-485/t CFR, while assessments for HMS 1&2 (80:20) are at $470-475/t CFR, up by $5/t.