Indian shredded scrap import prices nudge up amid buying from stainless producers

The price of containerised shredded scrap imports arriving to India inched up this week as some stainless and alloy steelmakers entered the market, sources told Metal Bulletin on Friday September 1.

Metal Bulletin’s index for containerised shredded scrap imports into India moved to $340.63 per tonne cfr Nhava Sheva on Friday, slightly up on last week's $338.17 per tonne cfr.
UK material was heard sold at $340-343 per tonne cfr Nhava Sheva, including one transaction for 1,000 tonnes to a stainless steelmaker.

European material was bought by a stainless steelmaker at $345 per tonne cfr Nhava Sheva, sources said, adding that US shredded had been sold at $337 per tonne cfr Nhava Sheva. Offers were heard as high as $350 per tonne cfr Nhava Sheva, but no buying was...


Lee Allen

September 01, 2017

16:59 GMT