Fastmarkets’ weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India
, was $256.82 per tonne on Friday, down from $262.71 per tonne one week ago.
At the start of the week, deals for shredded material were heard at $260-265 per tonne, but following the near-$10-per-tonne drop in Turkish scrap pricing
on Wednesday, these prices were described as “unworkable” by one source by Thursday.
Trading into India halted temporarily and offer prices dropped in response, falling to $250-260 per tonne.
Fastmarkets’ daily index for steel scrap, HMS 1&2 (80:20 mix), North...