By Vibin Antony
Indian containerized shredded scrap import prices remained flat last week, while copper, lead, nickel, tin and zinc scrap traded down.
According to TSI, containerized shredded prices for Indian imports remained flat during the week at $286 a ton CFR Nhava Sheva off the back of another week of slow trade.
With confusion over the potential increase in steel import duties still rife, market sentiment remains depressed as the spectre of cheap Chinese finished material continues to weigh heavily on the scrap market.
A further decrease in local scrap prices as well as poor domestic demand for finished products have further contributed to the feelings of pessimism amongst a number of market participants.
Copper, lead, nickel, tin and zinc scrap prices declined during last week on Scrap Register Price Index, while brass scrap prices turned positive. Aluminium and plastic scrap prices remained almost flat.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
Indian containerized shredded scrap import prices remained flat last week, while copper, lead, nickel, tin and zinc scrap traded down.
According to TSI, containerized shredded prices for Indian imports remained flat during the week at $286 a ton CFR Nhava Sheva off the back of another week of slow trade.
With confusion over the potential increase in steel import duties still rife, market sentiment remains depressed as the spectre of cheap Chinese finished material continues to weigh heavily on the scrap market.
A further decrease in local scrap prices as well as poor domestic demand for finished products have further contributed to the feelings of pessimism amongst a number of market participants.
Copper, lead, nickel, tin and zinc scrap prices declined during last week on Scrap Register Price Index, while brass scrap prices turned positive. Aluminium and plastic scrap prices remained almost flat.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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