INDIA IMPORT SCRAP: Prices rise; market activity starts to pick up after year-end pause
The price of ferrous scrap imported into India rose this week in response to positive sentiment on the return of traders to the market after the Christmas and New Year holidays, sources told Fastmarkets.
Fastmarkets’ steel scrap, shredded, index, import, cfr Nhava Sheva
was $312.17 per tonne on Friday January 3, up from $307.54 per tonne on Friday December 27.
Deals were heard for shredded scrap at $310 and 315 per tonne cfr, both for material of UK origin.