Fastmarkets’ steel scrap, shredded, index, import, cfr Nhava Sheva, India
, was $281.98 per tonne on Friday, down from $289.63 per tonne a week earlier, bringing a consecutive six-week upward streak to an end.
Deals were heard for shredded material into India at $280, $282 and $284 per tonne this week, down from about $290 per tonne last week.
“The market is weaker than it was last week, it has gone down by $6-7 per tonne,” a buyer said.
Market participants said that, despite there being a...