India: Imported scrap prices fall in recent trade

India’s ferrous scrap import market remained under pressure on bid-offer disparity. A few deals have been finalised, sources confirmed.

• SteelMint’s assessment for UK/EU-origin shredded material is at $520-525/t CFR Nhava Sheva, down $3-5/t against last week.
• 2,000 t of UK-origin shredded scrap was traded at $520/t CFR Nhava Sheva.
• A 3,500 t of UAE-origin HMS (80:20) has been concluded at $460-470/t CFR Mundra.