Tag: Imported Scrap From Europe

Increased inventories and low domestic demand in US/Europe led to price-cut. Seaborne ferrous scrap prices fall further by USD 5-10/MT this week. US-origin shredded reported to touch USD 200-205/MT, CFR India and European shredded to USD 210/MT, CFR India, which were previously offered at USD 210-215/MT, CFR India basis. There are buying interest seen at…