India weekly Containerized Shredded Scrap import prices up in September


NEW DELHI (Scrap Register): The weekly containerized shredded scrap index rose 5.7% month-on-month to average $238.5 a ton CFR Nhava Sheva port over September, as buyers returned after a near four month hiatus, reported the Steel Index.

Towards the end of the month three bulk scrap cargoes were booked for November delivery, according to market sources.

As participants gathered during the IREPAS event in Vienna, the mood was cautiously positive for the Turkish scrap. This was perhaps backed up by the news that producers in the region were making upward adjustments to their (export) rebar list prices, as reported by S&P Global Platts.

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