Home / Metals / Indian ferrous scrap import avg prices drop during July
Stainless Steel Flanges

Indian ferrous scrap import avg prices drop during July

Indian ferrous scrap import average prices dropped during July, with construction activity stunted in the country as a result of the monsoon rains. 

According to TSI, containerized Indian shredded imports index dropped by $10 a ton over the course of the month.
Ferrous scrap imports into India underwent a correction in July, with the monsoon rains disrupting construction activity and thereby reducing the demand for scrap. 
Consequently, the monthly average containerized shredded index fell by $8 a ton (CFR Nhava Sheva port) from June’s pricing, representing a 2% fall month-on-month.
Pricing was mostly stable for the first couple of weeks in July, with supply and demand balanced in a largely subdued market. However, a drop in finished steel prices hinted that scrap prices were probably also set to fall, and the market duly delivered in the third week of the month with a $4 a ton drop week-on-week.

Source:Scrap Register


About www.nctv.net

www.yaang.com provide a wide range of steel products as Steel pipe, Steel pipes and seamless pipes, Alloy pipes, Pipe fittings, Composite steel pipe used in the industry, construction etc.

Leave a Reply

Your email address will not be published. Required fields are marked *


Scroll To Top