Tag: India scrap prices

Indian steel mills have turned more or less inactive in booking ferrous scrap from overseas due to the recent drop in semi-finished and finished steel prices, SteelMint understands. UK/EU-origin shredded scrap offers in containers are at $555-560/t CFR Nhava Sheva, up $5-10/t on the week. UAE-origin HMS 1 is being quoted at $505/t CFR, largely…