India import scrap prices under pressure from low-cost DRI

摘要

Prices for containerised HMS-grade scrap arriving in India fell by $2-15per tonne, while those for the shredded material have remainedlargely unchanged over the past week.“India’s domestic direct-reduced iron (DRI) prices are still very low,hence mills preferring to use this [instead of] scrap,” one Indianbuyer said.