INDIA STEEL SCRAP: Import prices rise on solid demand, reduced volumes

The price of ferrous scrap imported into India in containers has increased over the past week, supported by better demand and reduced availability, sources told Fastmarkets on Friday August 14.

Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $309.64 per tonne on Friday, up by $5.46 per tonne week on week from $304.18 per tonne on August 7.
One source said that offers for shredded scrap from Europe were heard at $315-320 per tonne cfr Nhava Sheva, but buyers bid only $310 per tonne cfr Nhava Sheva.

Two other sources confirmed that the latest offers of material were at $315 per tonne cfr...

Published

Maria Tanatar

August 14, 2020

16:51 GMT

London