India: Ferrous scrap import prices shoot up

Ferrous scrap import prices into India rose on continued bookings following the Turkish uptrend, limited container availability and hike in freight rates.

  • UK/EU-origin shredded offers are at $540-545/t CFR Nhava Sheva, up $10-20/t, w-o-w.
  • Dubai-origin HMS1 offers are heard at $505-510/t CFR Nhava Sheva, up $15-20/t against last week.

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