INDIA IMPORT SCRAP: Prices continue upward surge

The price of ferrous scrap imported into India has risen for the fourth consecutive week, mirroring a similar trend in nearby Pakistan, sources told Fastmarkets on Friday November 1

Fastmarkets' calculation for the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $276.57 per tonne on Friday, up from $268.23 per tonne a week earlier. Deals for shredded material into India this week were heard at $275 per tonne, up from $268 and $270 per tonne last week, while offers reached as high as $285 per tonne cfr. “Prices...

Published

Carrie Bone

November 01, 2019

17:20 GMT

London