INDIA IMPORT SCRAP: Prices continue higher ahead of holiday season

The price of ferrous scrap imported into India rose again this week ahead of a seasonal slowdown for the holiday season, sources told Fastmarkets on Friday December 6.

Fastmarkets’ steel scrap, shredded, index, import, cfr Nhava Sheva was $286.46 per tonne on Friday, up from $282.56 per tonne a week earlier.
One deal was heard for shredded material into India at $291 per tonne this week, up from $280 per tonne last week.
But not everyone had seen such a jump in prices. Offers ranged from as low as $280 per tonne up to $290 per tonne, although this was better than $280-285 per tonne last week.

“Prices are up $10 [per tonne] for shredded,” a buyer said. “Sentiment...

Published

Carrie Bone

December 06, 2019

17:34 GMT

London