Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India
, at $275.21 per tonne on Friday, up from $266.67 per tonne a week earlier.
Many market sources reported offers for shredded material $270-285 per tonne, up from $260-280 per tonne last week, although some placed the market level as low as $255 per tonne and as high as $290 per tonne. There were no firm bids or deals to confirm these prices, however.
Trading in the country has been almost entirely on hold since...