India containerized scrap import prices remained flat
week-on-week at $393 a ton CFR Nharva Sheva port in the week ended September
12, as per the latest figures released by The Steel Index.
The finished steel market continued to be subdued in the
midst of the Monsoon rains, whilst US and European origin offers for shredded
remained stable around $395-400 a ton.
This was above the level most Indian buyers were willing to pay,
meaning smaller packages of material were sourced from the Middle East and
South Africa at a discount.
Source: Metal .com