India shredded scrap import prices follow international drop

摘要

London—Indian shredded scrap import prices softened on week, as buyers held back in search of lower prices for prompt shipment cargoes, sources said March 12. Platts’ weekly Indian shredded scrap index was assessed March 12 at $435/mt CFR Nhava Sheva, down $15/mt on week. “There seem to be plenty of offers suddenly for all markets, including, India, Pakistan, and Bangladesh,” an Indian trader said. “There are plenty of available cargoes on the seas and also ready for shipment so buyers are holding back.”