Fastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva
at $317.35 per tonne on Friday January 10, up from $312.17 per tonne a week earlier.
Prices have continued to move up on a weekly basis since November 29 when it was assessed at $282.56 per tonne cfr.
A flurry of deals were heard this week for shredded scrap, with a large majority of it being sourced from the UK. Five of the seven deals heard originated from there, totaling 6,000 tonnes.
Deals were heard for shredded scrap at $312,...