The price of shredded ferrous scrap imported into India in containers was largely unchanged on Friday May 22, with the country looking to re-enter the market, sources have told Fastmarkets. Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $266.67 per tonne on Friday, little changed from $265.50 per tonne one week before. Trading in the country has been almost entirely paused since the country’s Covid-19-related lockdown was put in place in March. But with restrictions now being eased in some locations, more inquiries for material were being heard.
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